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:10/13/2017)... ... 2017 , ... Talented host, actor Rob Lowe, is introducing ... new episode of "Success Files," which is an award-winning educational program broadcasted on ... subject in-depth with passion and integrity. , Sciatica occurs when the sciatic nerve ...
(Date:10/13/2017)... ... ... “The Journey: From the Mountains to the Mission Field”: the story of ... Philippines. “The Journey: From the Mountains to the Mission Field” is the creation of ... taught all ages and currently teaches a class of ladies at her church, which ...
(Date:10/12/2017)... (PRWEB) , ... October 12, 2017 , ... ... advisory services for healthcare compliance program management, will showcase a range of technology ... Association for Assisted Living (NCAL) Convention and Expo to be held October 14–18, ...
(Date:10/12/2017)... ... , ... Planet Fitness, one of the largest and fastest growing franchisors and ... flagship location in Covington, LA at 401 N. U.S. Highway 190, in January of ... Depot in the Holiday Square shopping center. Its location allows it to serve both ...
(Date:10/12/2017)... ... October 12, 2017 , ... IsoComforter, Inc. ( ... today the introduction of an innovative new design of the shoulder pad. The ... get maximum comfort while controlling your pain while using cold therapy. By utilizing ice ...
Breaking Medicine News(10 mins):
(Date:10/11/2017)... 2017  Caris Life Sciences ® , a leading ... of precision medicine, today announced that St. Jude Medical ... Alliance™ (POA) as its 17 th member. Through ... Crosson Cancer Institute will help develop standards of care ... profiling, making cancer treatment more precise and effective. ...
(Date:10/11/2017)... 11, 2017  Hill-Rom Holdings, Inc. ("Hill-Rom") (NYSE: HRC), ... in Las Piedras, Puerto Rico , ... Following a ... sustained minor structural damage, temporary loss of power and ... been completed, manufacturing operations have resumed, and the company ...
(Date:10/10/2017)... EXTON, Pa. , Oct. 10, 2017   ... leader in innovative solutions for injectable drug administration, today ... of West,s ID Adapter for improving the intradermal administration ... the Fourth Skin Vaccination Summit in May 2017 by ... Team Lead, Polio Department, World Health Organization (WHO), and ...
Breaking Medicine Technology: