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Cord Blood America Announces 3rd Quarter and Nine Months 2012 Financial Results
Date:11/15/2012

LAS VEGAS, Nov. 15, 2012 /PRNewswire/ -- Cord Blood America, Inc. (www.cordblood-america.com) (OTC Bulletin Board: CBAI) ("CBAI" or the "Company") today announced financial results for the three and nine months periods ended September 30, 2012.

Third Quarter 2012 Highlights

  • Revenue increased 14% to $1.51 million from $1.33 million in the year ago period.
  • Recurring revenue increased 13% to $698,103.
  • Administrative and selling expenses decreased 14% to $1.09 million from $1.22 million in the year ago period.
  • The company reported EBITDA of $166,841 compared to a loss of $206,949 in the year ago period.
  • Nine-Months Ended September 30, 2012 Highlights

  • Revenue increase 18% to $4.64 million from $3.93 million in the year ago period.
  • Our cash position increased over 100% to $369,186.
  • Gross margin increased to 72.7% from 70.5% in the year ago period.
  • SG&A decreased 24% or $1.17 million to $3.64 million from $4.81 million.
  • For the second consecutive quarter, we demonstrated marked improvement in three key performance metrics; revenue growth, expense control and EBITDA. The result is that we have improved our cash position, while reducing the current liabilities without adding to the debt obligations of the Company. We continue to see consistent growth in the number of new customers added each quarter that will layer on top of our existing recurring revenue base. We expect our new customers to have an annual recurring duration of approximately eighteen years demonstrating the significant lifetime value of each new client," commented Joseph Vicente, President of Cord Blood America, Inc.

    The third quarter results also include a one-time charge for the sale of Stellacure GmbH as a Discontinued Operation on the Consolidated Stat
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    SOURCE Cord Blood America, Inc.
    Copyright©2012 PR Newswire.
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