Product sales for the quarter increased 39% over the prior-year to $2.02 million from $1.45 million. Total revenue, consisting of product sales and contract research and development revenue, declined 1% to $3.05 million for the second quarter of fiscal 2006 compared to $3.10 million in the prior- year quarter.
Income before taxes for the quarter was $592,505 or $0.13 per diluted share, compared to $423,298 or $0.09 per diluted share for the prior- year quarter. After the effect of a provision for income taxes of $228,537, net income for the second quarter of fiscal 2006 was $363,968 or $0.08 per diluted share.
Posted: Oct 19,2005 by Ron Mertens
