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Service revenue down 22% in the quarter
February 10, 2016
By: Kristin Brooks
Managing Editor, Contract Pharma
Financial Report: BASi 4Q Revenues: $5.0 million (-23%) 4Q Loss: $721,000 (loss of $404,000 4Q14) FY Revenues: $22.7 million (-8%) FY Earnings: $1.1 million (loss of $1.1 million FY14) Comments: Service revenue for the quarter decreased 22% to $3.8 million, negatively impacted by fewer bioequivalence studies, as well as fewer samples received and analyzed. Product revenue was $1.1 million, down 25% impacted by lower sales of analytical instruments relating to Culex....
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