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Bioanalytical Systems, Inc. 2Q11

Service revenues rise, lead to net profit

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By: Tim Wright

Editor-in-Chief, Contract Pharma

BASi 2Q Revenues: $8.4 million (+21%) 2Q Earnings: $483,000 (loss of $1.2 million in 2Q10) YTD Revenues: $16.5 million (+24%) YTD Earnings: $793,000 (loss of $2.7 million YTD10) Comments: For the quarter, Service revenue rose 23% to $6.4 million while Products revenues were up 17% to $2.0 million. For YTD, Service is up 25% to $12.6 million and Products are up 21% to $3.9 million. BASi president and chief executive officer Anthony Chilton remarked, “The increase in revenue r...

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