Navigation Links
Biotel Announces Record Revenues and Strong Earnings for the Fourth Quarter and Year Ended June 30, 2007
Date:10/1/2007

MINNEAPOLIS, Oct. 1 /PRNewswire-FirstCall/ -- Biotel Inc. (OTC Bulletin Board: BTEL) announced record sales and strong earnings for both its fourth quarter and fiscal year ended June 30, 2007. The Company had net earnings of $220,780, or $0.07 per diluted share, in the fourth quarter on revenues of $3,114,791. This compares to net earnings of $26,628, or $0.01 per diluted share, on revenues of $2,734,911 for the fourth quarter of last year. Net earnings for the year ended June 30, 2007, were $519,733, or $0.19 per diluted share, on revenues of $11,233,397. This compares to net earnings of $452,225, or $0.16 per diluted share, on revenues of $10,223,332 last year.

Highlights for the quarter and year are as follows:

-- Fifth consecutive year of profitability

-- 15.0% net income growth for year

-- 9.9% revenue growth for year; 13.9% for Q4

-- Net cash of $1.4 million provided from operations in fiscal year

-- Strong balance sheet with long-term debt reduced to zero from $620,000

last year

-- Stockholders' equity of $3,932,500, up 18.7% for fiscal year

"We closed a strong fiscal year with a very strong fourth quarter, as a result of growth in our product and service revenues and improved margins," Biotel President and CEO Steve Springrose said. "We experienced steadily increasing sales of our Braemar cardiac event recorders, Holter devices, liposuction and other medical devices. Revenues from our Agility 24/7 cardiac monitoring services for clinical research continued to grow rapidly. Biotel is successfully implementing its strategy of serving as a development partner to medical corporations seeking new devices and clinical research services."

In fiscal 2007, Biotel increased research and development expenditures by $243,000 to almost $1.5 million, or 13 percent of revenues. "We continued our focus on proprietary technology at Biotel through significant R&D programs," Springrose commented. "This has enabled us to introduce the Braemar ER900L, expanding our line of event monitors, and to develop the next generation of Braemar Holter cardiac recording devices, which we are preparing to launch. More importantly, we are positioning Biotel to compete effectively in the dawning era of wireless cardiac monitoring with innovative, state-of-the-art products and service offerings."

3 months ended 3 months ended %

June 30, 2007 June 30, 2006 Change

Revenues $3,115,000 $2,735,000 + 13.9 %

Net Income $221,000 $27,000 + 718.5 %

Earnings Per Share, Basic $0.08 $0.01

Earnings Per Share, Diluted $0.08 $0.01

12 months ended 12 months ended %

June 30, 2007 June 30, 2006 Change

Revenues $11,234,000 $10,223,000 +9.9%

Net Income $520,000 $452,000 +15.0%

Earnings Per Share, Basic $0.20 $0.17

Earnings Per Share, Diluted $0.19 $0.16


'/>"/>
SOURCE Biotel Inc.
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. PM announces a new health care order for India
2. Ramdoss Announces Introduction of RCH-II
3. Britain Announces Third Transfusion Related Mad Cow Case
4. Gates Foundation Announces $287 Million In Grants Towards AIDS Vaccine
5. Tibet Announces the Dalai Lama’s Tour of South Americ
6. NHS announces further Cost cutting Measures
7. Indian PM Announces Of Setting Up India Study Center At Tashkent
8. PowderMed Announces Needle-Less Flu Vaccine
9. Malaysia Announces Prison term On People Donating HIV-Contaminated Blood
10. Australian Government Announces Survey To Tackle Childhood Obesity
11. New Zealand Announces 10-year Plan For Betterment Of Mental Health Care
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/24/2017)... Calif. (PRWEB) , ... March 24, 2017 , ... ... raised over $100,000 for its innovative EcoQube Frame vertical micro-veggies garden on ... instant demand for the product – with nearly 2,000 consumers (and counting) already ...
(Date:3/24/2017)... ... March 24, 2017 , ... The law firm of Enea, ... pleased to announce Westchester resident Lauren C. Enea has joined the firm as an ... will concentrate her practice in elder law, Medicaid planning and applications, and Wills, Trusts ...
(Date:3/24/2017)... ... March 24, 2017 , ... ... Certified Medical Reiki™ Master in Frederick, MD. Judy says, “I am passionate about ... what is often a very difficult and challenging time.” , A Certified Medical ...
(Date:3/24/2017)... ... March 24, 2017 , ... ... inspiring stories about real people of God in congregations across the United States. ... a Presbyterian minister ordained in 1964 who has served congregations in seven states ...
(Date:3/23/2017)... ... , ... The physicians of KSF Orthopaedic Center PA are proud to announce ... is located at 2255 E. Mossy Oaks Rd., Suite 440, Spring, Texas 77389 inside ... patients living in the north Houston area (The Woodlands, Conroe, Magnolia, Kingwood, Humble) with ...
Breaking Medicine News(10 mins):
(Date:3/24/2017)... DUBLIN , Mar 24, 2017 Research ... in Drug Discovery and Diagnostics, 2017 - 2035" report to ... The ... current landscape and future outlook of the growing market of deep ... data revolution, deep learning algorithms have emerged as a novel solution ...
(Date:3/24/2017)... 24, 2017 Today Stock-Callers.com have issued ... are: Neovasc Inc. (NASDAQ: NVCN), Hologic Inc. (NASDAQ: HOLX), Edwards ... SSH ). These companies are part of the Healthcare ... Thursday, March 23 rd , 2017, with the NYSE Health ... health care companies in the S&P 500 were down about ...
(Date:3/24/2017)... INDIANAPOLIS , March 24, 2017  Eli ... today announced plans to invest $850 million in ... span facilities across its U.S. enterprise, including research ... The investments are being driven by demand for ... of potential medicines in development targeting cancer, pain, ...
Breaking Medicine Technology: