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Financial Report: BASi

Seventh Wave acquisition drives growth in the quarter

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By: Kristin Brooks

Managing Editor, Contract Pharma

Financial Report: BASi 1Q Revenues: $8.6 million (+60%) 1Q Loss: $85,000 (earnings were $26,000 1Q18) Comments: Revenue growth was mainly driven by the incremental sales associated with the Seventh Wave acquisition plus increased sales in both the Services and Products segments. Service revenue for quarter increased 71% to $7.7 million. Nonclinical services revenues increased $2.5 million due to an overall increase in the number of studies and additional revenues attributable to the Seventh W...

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