BIOQUAL Presents Unaudited Financial Results for Third Quarter of Fiscal Year 2021

BIOQUAL, Inc. (OTC-Pink:BIOQ) (www.bioqual.com):

Nine Months Ended

 

Three Months Ended

 

 

February 28,

 

February 29,

 

February 28,

 

February 29,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Revenue

 

$

41,070,486

 

$

32,884,055

 

$

12,584,303

 

$

11,593,217

 

Income Before Income Tax

 

$

5,942,062

 

$

4,150,830

 

$

1,379,460

 

$

1,018,306

 

Net Income

 

$

4,203,962

 

$

2,936,730

 

$

975,960

 

$

720,406

 

Basic Earnings per Share

 

 

 

 

 

 

 

 

 

 

 

 

of Common Stock

$

4.70

$

3.29

$

1.09

$

.81

 

Diluted Earnings per Share

 

 

 

 

 

 

 

 

 

 

 

 

of Common Stock

$

4.70

$

3.29

$

1.09

$

.81

 

Weighted Average

 

 

 

 

 

 

 

 

 

 

 

 

Number of Shares Outstanding

 

 

 

 

 

 

 

 

For Basic Earnings Per Share

 

893,932

 

893,416

 

894,416

 

893,416

 

Weighted Average

 

 

 

 

 

 

 

 

 

 

 

 

Number of Shares Outstanding

 

 

 

 

 

 

 

 

For Diluted Earnings Per Share

 

893,932

 

893,843

 

894,416

 

893,843

       

For more detail related to the fiscal year 2021 unaudited third quarter results, please visit our web site at www.bioqual.com.

Statements herein that are not descriptions of historical facts are forward-looking and subject to risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors including risks relating to the ability to continue to extend current government contracts; the Company’s ability to obtain new government or commercial contracts; continued demand for the use of animal models in scientific research; the Company’s ability to perform under its contracts in accordance with the requirements of the contracts; the actual costs incurred in performing the Company’s contracts and its ability to manage its costs, including its capital expenditures; dependence on third parties; future capital needs; the ability to fund its capital needs through the use of its cash on hand and line of credit; and the future availability and cost of financing/capital sources to the Company.

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