Navigation Links
Biotel Announces Strong Results for the Second Quarter Ended December 31, 2007
Date:2/11/2008

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 Maydeal.com
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:
*Name:
*Comment:
*Email:
(Date:2/11/2016)... ... February 11, 2016 , ... From March ... Academy of Dermatology Annual Meeting at the Walter E. Washington Convention Center in ... for both the condition of hyperhidrosis (excessive sweating) and its treatment options. Specifically, ...
(Date:2/11/2016)... ... February 11, 2016 , ... Husted Kicking has completed its Third ... February 6th & 7th, 2016 according to kicking coach Michael Husted. , “This event ... the NFL’s combine in Indianapolis,” says Husted. “The NFL uses a third party organization ...
(Date:2/11/2016)... ... February 11, 2016 , ... The book, “Computers Should ... services, what questions to ask your IT consultant before signing a contract and how ... computer network. , “With companies relying heavily on e-mail and technology, it’s more important ...
(Date:2/11/2016)... ... February 11, 2016 , ... As part of their 2015 end of ... Round Table Foundation (MDRTF), has gifted $10,000 to University of Chicago to support ovarian ... Billy Cundiff. , “We are honored to support a promising young investigator from Dr. ...
(Date:2/10/2016)... ... February 10, 2016 , ... ... as the World Molecular Imaging Congress (WMIC), will be held in New York ... meeting is “Imaging Biology…Improving Therapy.” The congress will highlight and emphasize how imaging ...
Breaking Medicine News(10 mins):
(Date:2/11/2016)... F ast access to ... at the point of need   ... and services, has launched a ClinicalKey mobile app that enables ... Elsevier designed the mobile app to allow users to select access to ... Android and iOS formats for mobile phone and tablet. ...
(Date:2/11/2016)... , Feb. 11, 2016 Scientists ... cell-isolation method that opens the door to genetic ... now have been impossible to isolate with 100 ... isolate specific tumor types in various stages of ... variants of these cells that are clinically relevant, ...
(Date:2/11/2016)... , Feb. 11, 2016  NanoViricides, Inc. ... it has entered into an agreement with the ... nanoviricides® drug candidates in standard animal models of ... , Research Director. Dr. Romanowski has extensive experience ... --> Eric Romanowski , Research ...
Breaking Medicine Technology: