Post by Possibleidiot01on May 28, 2024 4:39pm

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Post# 36061114
good start to the year
good start to the year Revenues for the quarter totaled $5.9 million, a $2.7 million or 87% increase from revenues of $3.1 million recorded during the first quarter of 2023 and a 51% decrease over the previous quarter. The decrease in revenues reported in the quarter over the immediately preceding quarter was largely seasonal in nature. Biorem typically has lower revenues in the first quarter due to customer scheduling.
They even had earnings in the first quarter , normally the weakest quarter.
Gross profit at 30% of revenue versus 4% a year ago.
Backlog was maintained with prospects for it to grow.
Cash went up - the Company's cash position stood at $5.9 million on March 31, 2024, compared with the $2.3 million held on December 31, 2023.
Hard to be unhappy.