Product sales for the quarter increased 56% over the prior year to $1.74 million from $1.12 million. Total revenue, consisting of product sales and contract research and development revenue, increased 2% to $2.61 million for the third quarter of fiscal 2006 compared to $2.56 million in the prior-year quarter. Income before taxes for the quarter was $614,664 or $0.13 per diluted share, compared to $375,172 or $0.08 per diluted share for the prior-year quarter. After the effect of a provision for income taxes of $213,279, net income for the third quarter of fiscal 2006 was $401,385 or $0.09 per diluted share, compared to $375,172 or $0.08 per diluted share in the third quarter of fiscal 2005.
Posted: Jan 18,2006 by Ron Mertens
