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:4/21/2017)... ... 2017 , ... The Patient Advocacy Community of The Beryl Institute presented Eve ... Ravich Patient Advocacy Award in recognition of her extraordinary contributions to the field ... at The Beryl Institute’s annual Patient Experience Conference on March 20 in ...
(Date:4/21/2017)... Sterling, VA (PRWEB) , ... April 21, 2017 ... ... hosting its first weeklong campaign, AWARE: A Week of Addiction and Recovery Education, ... emerging evidence in treating and preventing substance use disorders. , The mission ...
(Date:4/21/2017)... Malvern, Worcestershire, UK (PRWEB) , ... April 21, ... ... Queen’s Award for Enterprise in the category of International Trade, the UK’s most ... performance in international trade, which represents 95% of total revenues and has grown ...
(Date:4/21/2017)... (PRWEB) , ... April 21, 2017 , ... Westside ... experienced, personalized dental care since 1985. After thirty-two years, Dr. Latner has become one ... to help my numerous clients over the years with all their dental needs,” said ...
(Date:4/21/2017)... ... 21, 2017 , ... Federal mandate, fines, controversy, questions about ... Obamacare program that most Republicans love to hate and Texas Agriculture Commissioner Sid ... , Like Obamacare, the Miller program centers upon a federal mandate. ...
Breaking Medicine News(10 mins):
(Date:4/19/2017)... Companion animal vaccines ... pets such as canine, avian and feline. ... such as Attenuated Live Vaccines, Conjugate Vaccines, Inactivated ... Recombinant Vaccines. Attenuated live vaccines are derived from ... have been weakend under laboratory conditions. Conjugate vaccines ...
(Date:4/18/2017)... , April 18, 2017 Cogentix Medical, ... on providing the Urology, Uro/Gyn and Gynecology markets with ... the first quarter ended March 31, 2017 after the ... The Company will host a conference call and ... on Tuesday, May 2, 2017 at 4:30 p.m. Eastern ...
(Date:4/18/2017)...  Socionext Inc. and SOINN Inc. today announced ... which Socionext extracts and delivers biometrics data to ... results in reading ultrasound images from Socionext,s viewphii™ ... results will be introduced at Medtec Japan, held ... 4505 & 4507. In this initial ...
Breaking Medicine Technology: