AdvanSource Biomaterials Corporation Announces Financial Results for Second Quarter and Six Months Ended September 30, 2015
November 23, 2015 at 03:00 pm EST
AdvanSource Biomaterials Corporation announced financial results for second quarter and six months ended September 30, 2015. The company announced total revenues for the three months ended September 30, 2015 were $1,041,000, compared with $554,000 for the comparable prior year period, an increase of $487,000, or 88%. Net income for the three month period ended September 30, 2015 was $181,000, compared with a net loss of $176,000 for the comparable prior year period.
The company announced total revenues for the six months ended September 30, 2015 were $2,213,000 as compared with $1,175,000 for the prior year period, an increase of $1,038,000, or 88%. Net income for the six month period ended September 30, 2015 was $519,000, compared with a net loss of $308,000 for the comparable prior year period.