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Press Release

BIOQUAL Presents Unaudited Financial Results for First Quarter of Fiscal Year 2017

BIOQUAL,Inc.
Posted on: 27 Oct 16

BIOQUAL, Inc. (OTC Pink: BIOQ):

 

 

Three Months Ended
August 31,

2016

 

2015

Revenue

$

 

9,166,192

$   6,597,797
Income Before Income Tax $ 1,730,389 $ 394,782
Net Income $ 999,189 $ 227,982
Basic Earnings per Share of Common Stock

$

1.12

$

.26

Diluted Earnings per Share of Common Stock

$

1.12

$

.26

Weighted Average Number of Shares Outstanding For Basic Earnings

 

893,416

893,466

Weighted Average Number of Shares Outstanding For Diluted Earnings

893,416

893,466

For more detail related to the fiscal year 2017 unaudited first quarter results, please visit our web site at www.bioqual.com.

Statements herein that are not descriptions of historical facts are forward-looking and subject to risk and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors including risks relating to the ability to continue to extend current government contracts and obtain new contracts; the Company’s ability to obtain new commercial contracts; the performance of the business acquired in the ABL acquisition; the Company’s ability to perform under its contracts in accordance with the requirements of the contracts; the actual cost incurred in performing its contracts and the Company’s ability to manage its costs; dependence on third parties; future capital needs; the ability to fund its capital needs through the use of its cash on hand and line of credit; and the future availability and cost of financing/capital sources to the Company.

View source version on businesswire.com: http://www.businesswire.com/news/home/20161027006209/en/

Business Wire
www.businesswire.com

Last updated on: 27/10/2016

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