BIOQUAL Presents Unaudited Financial Results for First Quarter of Fiscal Year 2022
BIOQUAL, Inc. (OTC-Pink:BIOQ) ( www.bioqual.com):
Three Months Ended |
2021
2020
Revenue
$
15,472,759
$
14,920,475
Income Before Income Tax
$
1,946,405
$
2,496,988
Net Income
$
1,377,005
$
1,766,588
Basic Earnings per Share
of Common Stock
$
1.54
$
1.98
Diluted Earnings per Share
of Common Stock
$
1.54
$
1.98
Weighted Average
Number of Shares Outstanding
For Basic Earnings Per Share
894,416
893,416
Weighted Average
Number of Shares Outstanding
For Diluted Earnings Per Share
894,417
894,030
For more detail related to the fiscal year 2022 unaudited first 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. The forward-looking statements are neither promises nor guarantees, and you should not place undue reliance on these forward-looking statements because they involve known and unknown risks, uncertainties, and other factors, many of which are beyond the Company’s control and which could cause actual results to differ materially from those expressed or implied by these forward-looking statements, 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 obtain sufficient numbers of animal models; the availability of adequate numbers of employees; 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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