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Service revenue was $6.0 million in the quarter (-25%). Product revenue was $2.0 million (-16%). Loss from continuing operations was $2.0 million.
February 19, 2009
By: Tim Wright
Editor-in-Chief, Contract Pharma
BASi 1Q Revenues: $8.1 million (-24%) 1Q Loss: $1.6 million (loss of $16,000 1Q08) Comments: Service revenue was $6.0 million in the quarter (-25%). Product revenue was $2.0 million (-16%). Loss from continuing operations was $2.0 million. The company sold and its Baltimore, MD clinic in June 2008 and discontinued its Phase I clinical trials business. The loss from discontinued operations was $603,000 in 1Q07. According to the company, several projects were delayed or cancelled in the...
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