Navigation Links
Microbix Uses Core Business Cashflow To Fund Late-Stage Pipeline To Build Shareholder Value In 2009
Date:12/10/2008

ds are being used to continue growth of the core business. Specifically, the proceeds are being used to expand the core manufacturing operations and to fund development of SST(TM).

Financial Results

For the year ended September 30, 2008, the Company recorded a net loss of $3,667,910 or 8 cents a share compared to a loss of $2,711,810 or 7 cents a share in fiscal 2007.

The fourth quarter loss was $440,115 or 1 cent a share compared with a loss of $814,001 or 2 cents a share in 2007. Cash flow was positive for both the quarter and full year as in fiscal 2007.

The development of the Hunan Joint Venture and extensive business development activities associated with concluding agreements for the Urokinase acquisition increased the loss this year. Microbix has undergone a corporate restructuring to conserve resources and lower its cash burn rate in order to ensure its pipeline products reach their full potential. Microbix is expected to turn profitable in 2009.

"Given the unusually difficult market conditions, Microbix is ensuring that it is controlling its cash flow prudently," said Mr. James A. Long, CFO. "We remain confident in our ability to operate the business within our existing cash reserves by using forecasted cash inflows from its base business." An anticipated launch of Urokinase in 2009 would be accretive to the Company's projected positive cash flows.

                          Quarter Ended Sept 30         Year Ended Sept 30
                            2008          2007          2008          2007
                       ------------------------------------------------------

    Revenue            $ 1,259,749     1,171,731     4,993,521     4,048,826

    Net Income (Loss)  $  (440,115)     (814,001)   (3,667,910)   (2,711,810)

    Net Income (Loss)
     per share         $     (0.01)        (0.02)        (0.08)        (0.07)

    Cash Flow          $ 
'/>"/>
SOURCE Microbix Biosystems Inc.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4

Related biology technology :

1. ImaRx Therapeutics Signs Letter of Intent With Microbix Biosystems for the Sale of Urokinase
2. Boston Scientific to Explore Sale of Cardiac Surgery and Vascular Surgery Businesses
3. DuPont Leaders Brief Investors on Agriculture Businesses
4. Pressure BioSciences, Inc. Reports Second Quarter 2007 Financial Results and Provides Business Update
5. Apria Healthcare Chooses Masimo SET Pulse Oximetry for Use in the Companys Home Health Care Business
6. ThromboGenics - Business Update and Interim Results for the Seven Month Period Ending 30 June 2007
7. STALLERGENES : Strong Business Growth: +17% and Earnings Per Share up 30%
8. Thermo Fisher Scientific Acquires Instrument Sales Business of Davis Inotek
9. Boydens Summit Practice Featured in the September Issue of New Jersey Business Magazine
10. Premier Research Appoints Melissa Jones as Vice President, International Business Development
11. Access Highlighted in Recent BusinessWeek Article
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:11/26/2014)... 25, 2014 Bio-Techne Corporation (NASDAQ: ... Robert Gavin to serve in a newly created ... Division.  Mr. Gavin will be responsible for managing the ... the ProteinSimple business acquired in July 2014 and the ... Jose, California -based ProteinSimple develops and commercializes proprietary ...
(Date:11/26/2014)... Nov. 25, 2014  Roka Bioscience, Inc. (NASDAQ: ... testing solutions for the detection of foodborne pathogens, today announced ... Piper Jaffray  26 th Annual Healthcare Conference on December ... at The New York Palace in New York, ... information concerning the Company, its operations, strategies and prospects may ...
(Date:11/24/2014)... , UAE, November 24, 2014 ... Hamdan Bin Rashid Al Maktoum Awards for Medical Sciences", ... Dubai, United Arab Emirates , on 15 ... ) , The Carter Center which won ... is actively involved in numerous programs that aim to ...
(Date:11/24/2014)... , Nov. 24, 2014 VolitionRx Limited ... tests for cancer and other conditions, today announced that data ... the Science for Business BioWin Day 2014, being held November ... data come from VolitionRx,s lung cancer pilot study, the samples ... Centre Hospitalier Universitaire (CHU) de Liege in Belgium ...
Breaking Biology Technology:Bio?Techne Announces Appointment Of Robert Gavin As Leader Of New Protein Platforms Division 2Bio?Techne Announces Appointment Of Robert Gavin As Leader Of New Protein Platforms Division 3Roka Bioscience to Present at the Piper Jaffray Healthcare Conference 2Five US Winners Among Recipients of Hamdan Medical Awards 2VolitionRx to Present Positive Data from Pilot Lung Cancer Study at BioWin Day 2014 2VolitionRx to Present Positive Data from Pilot Lung Cancer Study at BioWin Day 2014 3VolitionRx to Present Positive Data from Pilot Lung Cancer Study at BioWin Day 2014 4VolitionRx to Present Positive Data from Pilot Lung Cancer Study at BioWin Day 2014 5VolitionRx to Present Positive Data from Pilot Lung Cancer Study at BioWin Day 2014 6
...  Generex Biotechnology Corporation (OTCBB: GNBT) announced today that it has ... This funding is structured as term loans of one year ... on the loans is payable monthly at the rate of ... will permit the Company to advance its redevelopment plans, and ...
... Calif. A research team led by physicists at the ... graphene" (BLG) that the researchers say is analogous to finding ... elastic material, is a one-atom thick sheet of carbon atoms ... and chicken wire-like structure, sheets of it lend themselves well ...
... MENLO PARK, Calif., Jan. 24, 2012 SRI International ... decrease the time required for researchers to construct genome-scale ... set of metabolic and physical processes that determine the ... are used to predict cell growth rate, combinations of ...
Cached Biology Technology:Generex Secures Commitments for $3.6M Capital Raise 2Generex Secures Commitments for $3.6M Capital Raise 3Bilayer graphene works as an insulator 2Bilayer graphene works as an insulator 3New Software from SRI Speeds Development of Genome-Scale Models for Drug and Fuel Research 2
(Date:11/4/2014)... University of Utah engineers developed the first room-temperature fuel ... electricity without needing to ignite the fuel. These new ... off-grid power and sensors. , A study of the ... Society journal ACS Catalysis . , Fuel cells ... a fuel and an oxygen-rich source such as air. ...
(Date:11/4/2014)... 2014   3D ... Fuel3D , a developer of 3D scanning ... totaling $6.4 million (£4 million). This funding builds on the ... year and paves the way for the commercial launch of ... funding round was led by Chimera Partners and will be ...
(Date:11/3/2014)...  NeuroSigma ® , Inc. (NeuroSigma), a ... on commercialization of its non-invasive Monarch ... neurological and neuropsychiatric disorders, announced today that the ... Notice of Allowance for Mexican Patent Application No. ... and the Regents of the University of California ...
Breaking Biology News(10 mins):Jet-fueled electricity at room temperature 2Fuel3D Secures $6.4 Million in Expansion Funding 2Fuel3D Secures $6.4 Million in Expansion Funding 3NeuroSigma Receives Notice of Allowance from the Mexican Institute of Industrial Property Covering Subcutaneous Trigeminal Nerve Stimulation (sTNS) 2NeuroSigma Receives Notice of Allowance from the Mexican Institute of Industrial Property Covering Subcutaneous Trigeminal Nerve Stimulation (sTNS) 3
... the zebra finch genome, a new resource has been ... series published by BioMed Central, the open access publisher, ... part of the series, a study published in ... to steroid receptors and estrogen biosynthesis. Researchers writing in ...
... The "cradle" of new neurons in the adult brain is ... a tissue structure lining the lateral ventricles. This is where ... generating new neurons if needed. For many years now, the ... specific malignant brain tumors called gliomas, the most deadly type ...
... the Siberian arctic to get water and sediment samples, ... Tahoe or digging quagga mussels out of Lake Mead ... assistant professor of limnology and conservation ecology at the ... in Nevada lakes, including his prolific record of publication ...
Cached Biology News:Brain tumors: Tissue stem cell turning into tumor stem cell 2University of Nevada, Reno, professor receives exclusive American Fisheries Award of Excellence 2University of Nevada, Reno, professor receives exclusive American Fisheries Award of Excellence 3
... Anti-Reverse Cap Analog (ARCA) is a ... OH group (closer to m7G) is replaced ... RNA polymerase can only initiate transcription with ... incorporation in the forward orientation. As a ...
...
This Dedicated 18" X 18" (45.7 X 45.7 cm.) shaker platforms are optimized for a particular flask clip size. Dedicated platforms come fully loaded with flask clips....
... SuperScript™ II RNase H- Reverse Transcriptase (RT) ... RNase H- RT. It is a DNA ... from single-stranded RNA DNA or an RNA:DNA ... the introduction of point mutations rather than ...
Biology Products: