Navigation Links
Biotel Announces Strong Results for the Second Quarter Ended December 31, 2007

MINNEAPOLIS, Feb. 11 /PRNewswire-FirstCall/ -- Biotel Inc. (OTC Bulletin Board: BTEL.OB) announced strong sales and earnings for its second quarter ended December 31, 2007. The Company had net earnings of $206,000, or $0.07 per diluted share, on revenues of $2,859,000. This compares to net earnings of $120,000, or $0.04 per diluted share, on revenues of $2,705,000 for the second quarter of last year. For the six months ended December 31, 2007, Biotel had net earnings of $376,000, or $0.13 per diluted share, on revenues of $5,610,000. This compares to net earnings of $109,000, or $0.04 per share, on revenues of $5,129,000 for the firsts six months last year.

Highlights for the second quarter are as follows:

-- 5.7% revenue growth, year over year

-- Gross margin of 44.7%, up from 40.2% a year ago

-- Operating margin of 11.1% versus 7.2% a year ago

-- Net margin of 7.2% versus 4.4% a year ago

-- Strong balance sheet with no long-term debt

-- Stockholders' equity of $4,333,000, up 25.2% year over year

"We are pleased with our business progress in the second quarter, achieving strong improvement in margins as well as year over year growth in product and service revenues," Biotel President and CEO Steve Springrose said. "Underlying these results were strong sales of our Braemar cardiac event recorders, Holter devices, liposuction and other medical devices. On top of this, revenues from our Agility 24/7 cardiac monitoring services continued to grow, and the service component of our business contributed significantly to gross margin improvement. Year-over year growth in R&D continued to support our new product pipeline, including the ER900 Wireless Event Recorder, as well as other new cardiac event and Holter recorders. In keeping with our long-term strategy, Biotel continues to serve as a development partner to medical corporations seeking new devices and clinical research services."

3 months ended 3 months ended %

December 31, 2007 December 31, 2006 Change

Revenues $2,859,000 $2,705,000 5.7 %

Net Income $206,000 $120,000 71.7 %

Earnings Per Share, Basic $.08 $0.04

Earnings Per Share, Diluted $.07 $0.04

6 months ended 6 months ended %

December 31, 2007 December 31, 2006 Change

Revenues $5,610,000 $5,129,000 9.4 %

Net Income $376,000 $109,000 245.0 %

Earnings Per Share, Basic $.14 $0.04

Earnings Per Share, Diluted $.13 $0.04

SOURCE Biotel Inc.
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Biotel Announces Strong Results for the First Quarter Ended September 30, 2007, FDA 510(k) Clearance for the Braemar ER900 Wireless Event Recorder
2. Biotel Announces Record Revenues and Strong Earnings for the Fourth Quarter and Year Ended June 30, 2007
3. Lincare Holdings Inc. Announces Fourth Quarter and Year Ended 2007 Financial Results
4. Hanger Orthopedic Group, Inc. Announces an 11% Sales Increase and a 35% Increase in EPS to $0.23 for the Quarter Ended December 31, 2007, Compared to $0.17 in the Prior Year
5. URAC Announces Four More Companies in Process to Earn New Pharmacy Quality Management Accreditations
6. MGT Capital Investments, Inc. Announces Subsidiarys Preliminary Agreement to Acquire
7. Dialysis Corporation of America Announces Opening of New Dialysis Center in Ohio
8. Rural/Metro Announces Results for Fiscal 2008 Second Quarter
9. Brookdale Senior Living Announces Changes in Senior Management and Board of Directors
10. Tubbs Jones Announces Over $36 Million in Construction Projects for Cleveland VA Hospital
11. NightHawk Radiology Holdings, Inc. Announces Time Change for Fourth Quarter and Full-Year 2007 Earnings Conference Call
Post Your Comments:
(Date:11/25/2015)... ... 25, 2015 , ... TyloHelo Inc , North America’s ... Sauna accessories help improve the bather experience in the sauna, and the accessories ... the purist looking for simplicity in design to accessories that encourage a greater ...
(Date:11/25/2015)... ... 2015 , ... According to an article published November 10th by ... heralded as a breakthrough for performing hernia repairs. The article explains that the biggest ... that it can greatly reduce the pain that a patient might otherwise experience after ...
(Date:11/25/2015)... ... November 25, 2015 , ... The McHenry County law firm ... appellate decision obtained by Attorneys Francisco J. Botto and Alex C. Wimmer. Attorneys Botto ... Compensation Comm’n, 2015 IL App (2d) 130884WC. , According to court documents, Adcock testified ...
(Date:11/25/2015)... ... November 25, 2015 , ... Brillianteen, McGaw YMCA’s student-produced musical ... its 65th Anniversary Brillianteen Revue, scheduled for March 4-6, 2016. Auditions for this ... Brillianteen has been a treasured tradition for numerous families in the Evanston community. ...
(Date:11/25/2015)... Spring, Md (PRWEB) , ... November 25, 2015 ... ... Pulmonary Hypertension Association (PHA) announces the nation’s Periwinkle Pioneers, individuals and groups responsible ... history of this disease. The Periwinkle Pioneers, nominated by the public, will receive ...
Breaking Medicine News(10 mins):
(Date:11/26/2015)... DUBLIN , Nov. 26, 2015 Research and ... "Asia Pacific Cardiac Pacemaker Market Outlook to 2019 - ... Drive the Demand " report to their offering. ... --> Boston scientific and others. ... global players including Medtronic, Biotronik, Boston ...
(Date:11/26/2015)... November 26, 2015 ... the "2016 Future Horizons and Growth ... Testing Market: Supplier Shares, Country Segment Forecasts, ... their offering. --> ) ... "2016 Future Horizons and Growth Strategies in ...
(Date:11/26/2015)... 26, 2015 ) ... Administration of High Viscosity Drugs" report to ... announced the addition of the "Self Administration ... offering. --> Research and Markets ( ... "Self Administration of High Viscosity Drugs" ...
Breaking Medicine Technology: