AdvanSource Biomaterials Corporation announced earnings results for the first quarter ended June 30, 2015. Total revenues for the three months ended June 30, 2015 were $1,171,000, compared with $621,000 for the comparable prior year period, an increase of $550,000, or 89%. Product sales of biomaterials for the three months ended June 30, 2015 were $1,048,000, compared with $366,000 for the comparable prior year period, an increase of $682,000, or 186%.

License, royalty and development fees for the three months ended June 30, 2015 were $123,000, compared with $255,000 for the comparable prior year period, a decrease of $132,000 or 51%. Net income for the three month period ended June 30, 2015 was $377,000, compared with a net loss of $132,000 for the comparable prior year period.