Bio-Plexus reports first quarter results; revenues climb 259%.TOLLAND Tolland is the name of some places:
in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on , NM:BPLX), manufacturer of patented self-blunting blood collection needles which reduce the risk of accidental accidental /ac·ci·den·tal/ (ak?si-den´t'l) 1. occurring by chance, unexpectedly, or unintentionally. 2. nonessential; not innate or intrinsic. needlesticks and resultant This article is about the resultant of polynomials. For the result of adding two or more vectors, see Parallelogram rule. For the technique in organ building, see Resultant (organ). In mathematics, the resultant of two monic polynomials health dangers, today reported unaudited results for the first quarter which ended March 31, 1996. Revenues for the quarter ended March 31, 1996 climbed 259% to $453,000 from $126,000 for the three months of 1995. Net loss for the first quarter was $2,774,000, or 42 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , on 6,576,783 average shares outstanding compared with a net loss of $3,491,000, or 74 cents per share, on 4,744,825 average shares outstanding for the same period last year. "We are pleased with our continued sales growth, which reflects the growing acceptance of the Bio-Plexus Punctur-Guard(R) needle. Our sales force is adding new hospitals and clinics nationally and we expect to see ongoing sales growth for the balance of the year," said Ron Haverl, chairman and chief executive officer. The company's focus on improving and expanding its production processes resulted in lower research and development costs for the quarter. A new generation needle assembly and packaging system which will expand Bio-Plexus production capacity is expected to be completed this Spring. During the quarter the company announced that it has filed 510(k) applications with the U.S. Food and Drug Administration for approval to market its winged set and needle disposal container. The winged set is comprised of a smaller needle with a pair of plastic "wings" that gives the healthcare worker greater ability to control the needle for very precise vein insertion insertion n. the addition of language at a place within an existing typed or written document, which is always suspect unless initialled by all parties. . The needle disposal unit is designed to work in conjunction with the company's Drop It(TM) needle holder, introduced earlier this year. -0-
Bio-Plexus Inc.
Financial Highlights
(unaudited)
Three Months Ended
3/31/96 3/31/95
Revenue $ 453,000 $ 126,000 Net loss (2,774,000) (3,491,000) Net loss per common share $ (.42) $ (.74) Weighted average common shares outstanding 6,576,783 4,744,825 CONTACT: Bio-Plexus Inc., Tolland Christina Tamburro, 203/871-8601 or Porter, Le Vay & Rose, Inc., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Marilynn Meek meek adj. meek·er, meek·est 1. Showing patience and humility; gentle. 2. Easily imposed on; submissive. , 212/564-4700 |
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