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
Nine-Months Ended September 30, 2012 Highlights
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
|SOURCE Cord Blood America, Inc.|
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