Total revenue for the fourth quarter of fiscal 2005 was $3.07 million compared to $3.21 million for the prior-year quarter, a decrease of 4%. Product sales for the quarter increased 3% over the prior-year quarter and 42% compared to the third quarter of fiscal 2005.
Net income for the fourth quarter was $476,114 or $0.10 per diluted share, compared to $789,670 or $0.16 per diluted share for the prior-year quarter. Net income for the fourth quarter of fiscal 2005 included a net income tax benefit of $126,904 or $0.03 per diluted share, compared to $236,500 or $0.05 per diluted share for the fiscal 2004 quarter, from reductions of valuation allowances relating to deferred tax assets.
Posted: Apr 27,2005 by Ron Mertens
