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Cord Blood America Announces 2013 Third Quarter Financial Results
Date:11/14/2013

LAS VEGAS, Nov. 14, 2013 /PRNewswire/ -- Cord Blood America, Inc. (www.cordblood-america.com) (OTC Bulletin Board: CBAI) ("CBAI" or the "Company") today announced financial results for the quarter ended September 30, 2013.

Third Quarter and YTD 2013 Highlights from Continuing Operations

  • Third quarter recurring revenues increased  8% to $684,374 compared to the year ago period.
  • Cash provided by operations increased 247% to $333,034 for the nine months ended September 30, 2013. This compares with the loss of $227,064 in the year ago period.
  • Cash balance increased $201,484 from the beginning of 2013 to $595,316 or 52%.
  • EBITDA from US Operations increased 33% in the third quarter to $160,660 compared to $120,311 in the year ago period.
  • "During the third quarter we continued to see our core US operations, which accounts for approximately 65% of our revenue, drive strong EBITDA growth from the increasing base of recurring revenue now totaling approximately $600,000.  This has allowed us to make significant increases in our marketing initiatives, targeting high ROI programs to drive future growth.  This also correlates to our new cord tissue product offering we launched earlier this year in which we saw approximately 58% of customers in the third quarter store both the traditional cord blood and cord tissue, increasing future annual recurring storage revenue by 56% per customer," said Joseph Vicente, President of CBAI.
    Mr. Vicente continued, "BioCells located in Argentina, continues to see inflationary pressures with costs up 15% year over year.  The number of units processed remain steady which continues to grow our recurring base and a concentrated effort to expand our margins t
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    SOURCE Cord Blood America, Inc.
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