Navigation Links
Biotel Announces Strong Results for the First Quarter Ended September 30, 2007, FDA 510(k) Clearance for the Braemar ER900 Wireless Event Recorder
Date:11/14/2007

MINNEAPOLIS, Nov. 14 /PRNewswire-FirstCall/ -- Biotel Inc. (OTC Bulletin Board: BTEL) announced strong sales and earnings for its first quarter ended September 30, 2007. The Company had net earnings of $170,000, or $0.06 per diluted share, on revenues of $2,751,000. This compares to a net loss of $11,000, or $0.00 per diluted share, on revenues of $2,424,000 for the first quarter of last year.

Highlights for the first quarter are as follows:

-- 13.5% revenue growth, year over year

-- Gross margin of 45.6%, up from 40.7% a year ago

-- Operating expenses reduced to 36.1% of revenues from 40.8% last year

-- Operating margin of 9.5% versus a loss a year ago

-- Net margin of 6.2% versus a loss a year ago

-- Strong balance sheet with no long-term debt

-- Stockholders' equity of $4,115,000, up 4.6% year over year

"We had a strong first quarter beginning our fiscal year with year over year growth in product and service revenues and improved margins," Biotel President and CEO Steve Springrose said. "Compared to the first quarter of fiscal 2007, we had increased sales of our Braemar cardiac event recorders, Holter devices, liposuction and other medical devices. Revenues from our Agility 24/7cardiac monitoring services for clinical research continued to grow rapidly. Biotel continues to serve as a development partner to medical corporations seeking new devices and clinical research services, in keeping with our long-term strategy."

In the first quarter, Biotel held operating expenses flat from a year ago, even with a 10.3% increase in Research and Development. "We continued to put emphasis on R&D to expand our proprietary technology across our product spectrum," Springrose commented. "Most importantly, we received FDA 510(k) clearance in October to market our Braemar ER900 Wireless Event Recorder. This is a cardiac looping recorder and cellular transmitter, the first in a series of Braemar wireless products that will transmit cardiac information through cellular networks without patient interaction. We believe this will give us a leadership position in a new era of cardiac monitoring technology."

3 months ended 3 months ended %

September 30, 2007 September 30, 2006 Change

Revenues $2,751,000 $2,527,000 + 13.5%

Net Income $170,000 $(11,000) + 1645.5%

Earnings Per Share, Basic $.06 --

Earnings Per Share, Diluted $.06 --


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

Related medicine news :

1. Biotel Announces Record Revenues and Strong Earnings for the Fourth Quarter and Year Ended June 30, 2007
2. HHS Announces $75 Million in Supplemental Funding to States for Pandemic Flu Preparedness
3. CRC Health Group Announces Acquisition of Bayside Marin Recovery Center, San Rafael
4. UHW Announces: Antelope Valley Hospital Caregivers and Board Vote to Ratify First Union Contract With SEIU UHW-West
5. HEI, Inc. Announces Sale of RFID Division Assets
6. Caraco Pharmaceutical Laboratories, Ltd. Announces FDA Approval to Market Generic Version of Zyloprim(R)
7. Mettler-Toledo International Inc. Announces Webcast of Presentation at Thomas Weisel Partners 2007 Healthcare Conference
8. Z Trim Announces Revocation of Gregory Halpern Severence Agreement
9. Brooke Franchise Corporation Announces Selected July Results
10. Manor Care, Inc. Announces Record Date for Special Stockholder Meeting
11. Caraco Pharmaceutical Laboratories, Ltd. Announces FDA Approval to Market Generic Version of Adipex-P(R)
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/25/2017)... ... 2017 , ... The Asset Tracking and Temperature monitoring system works in conjunction ... the bar code of the product and lot ID then scanning the HPP basket ... are automatically generated and exception alerts sent out to designated individuals. , "In recognizing ...
(Date:9/25/2017)... ... September 25, 2017 , ... Leonard Bley, MD ... next generation for LASIK in Manhattan with Contoura Vision, the latest WaveLight® topographic-guided ... systems available in the United States to correct nearsightedness and nearsightedness with astigmatism. ...
(Date:9/25/2017)... ... , ... “Renew Refresh Restore Reward”: is a story of struggle and how ... published author, Deborah Freeman, cofounded the Free Spirit Bible Church and currently serves as ... my sister-in-law invited us to come over before the baby had to go back ...
(Date:9/25/2017)... (PRWEB) , ... September 25, 2017 , ... “The Majestic ... unicorns—during the great flood. “The Majestic Unicorn” is the creation of published author, Dayna ... or small, came from far and wide to march aboard the cypress ark-vessel. Male ...
(Date:9/25/2017)... Los Angeles, CA (PRWEB) , ... September 25, 2017 , ... ... opening of a full-time office in downtown Los Angeles, to service existing clients in ... the surrounding areas. , “We are seeing an ever-increasing amount of business demand west ...
Breaking Medicine News(10 mins):
(Date:9/7/2017)... NuvoAir (formerly called Pond Healthcare Innovation), the company commercializing ... Pharma AG to distribute NuvoAir,s spirometry technology to physicians worldwide. ... platform and Novartis, commitment to address the unmet medical needs ... ... "We are ...
(Date:9/6/2017)... TORONTO , Sept. 6, 2017 /PRNewswire/ ... new knowledge and skills while treating their ... for hands-on experience without involving patients. Simulation ... skills. Clinicians can carry out procedures, refine ... at risk. Integration of new technology, such ...
(Date:9/5/2017)... 5, 2017 Sapheneia and Scannerside received FDA ... DoseCheck is a third-party Vendor neutral CT product that ... allows compliance with current MITA standards. ... DoseCheck solution is specifically designed to provide CT operators, ... radiation doses over a predefined threshold. Scannerside Dose Check ...
Breaking Medicine Technology: