Jan 20 2010
Biomerica, Inc. (OTCBB: BMRA) today reported net
sales of $1,099,880 for the three months ended November 30, 2009, compared
to $1,120,575 for the same period in the previous year. Net sales were
$2,248,401 for the first six months of fiscal 2010 compared to $2,314,920
for the first six months in fiscal 2009.
Biomerica announced net loss for the three months ended November 30, 2009,
of $305,706 versus a net loss of $103,016 in the previous fiscal year
during the same quarter. The net loss for the six months ended November
30, 2009 was $297,772, compared to net income of $37,796 in the same period
the previous fiscal year. The increase in losses was primarily due to
non-recurring move expenses associated with the move to a new building.
"Through careful planning and coordination, we have moved into our new
state of the art facility that provides work flow and efficiencies
unattainable at our old Newport Beach facility. We accomplished our move
and met all regulatory requirements while providing our customers seamless
and uninterrupted service," stated Zackary Irani, Biomerica CEO.
SOURCE: Biomerica