Mesa Laboratories, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 25, 2023 at 08:00 am EDT
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Mesa Laboratories, Inc. reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was USD 55.59 million compared to USD 58.88 million a year ago. Net income was USD 0.611 million compared to net loss of USD 1.78 million a year ago. Basic earnings per share from continuing operations was USD 0.11 compared to basic loss per share from continuing operations of USD 0.34 a year ago. Diluted earnings per share from continuing operations was USD 0.11 compared to diluted loss per share from continuing operations of USD 0.34 a year ago.
For the full year, sales was USD 219.08 million compared to USD 184.34 million a year ago. Net income was USD 0.93 million compared to USD 1.87 million a year ago. Basic earnings per share from continuing operations was USD 0.17 compared to USD 0.36 a year ago. Diluted earnings per share from continuing operations was USD 0.17 compared to USD 0.35 a year ago.
Mesa Laboratories, Inc. is a multinational manufacturer, developer, and seller of life sciences tools and critical quality control solutions. Its segments include Clinical Genomics, Sterilization and Disinfection Control, Biopharmaceutical Development, and Calibration Solutions. Its Clinical Genomics segment develops, manufactures, and sells throughput genetic analysis tools used by labs to perform clinical genomic testing in several therapeutic areas. Its Sterilization and Disinfection Control segment manufactures and sells biological, chemical, and cleaning indicators used to assess the effectiveness of sterilization and disinfection processes. Biopharmaceutical Development segment develops, manufactures, and sells automated systems for protein analysis (immunoassays) and peptide synthesis solutions. Its Calibration Solutions segment develops, manufactures, and sells quality control products used to measure or calibrate temperature, pressure, pH, humidity, and other such parameters.