This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Corgenix Reports Second Quarter Fiscal 2013 Financial Results

Corgenix Medical Corporation (OTC BB: CONX), a worldwide developer and marketer of diagnostic test kits, today filed its second quarter Form 10-Q and reported its financial results. The report disclosed that the company’s revenues increased both for the quarter and year to date. Some of the results highlighted by the report are as follows:

  • Revenues for the quarter increased $412,587 or 20.0% vs. the prior year’s comparable quarter
  • Revenues for the six months increased $1,055,445 or 24.9% vs. the prior year’s comparable six months
  • Operating income for the quarter totaled $55,755 vs. an operating loss of $56,722 in the prior year’s comparable quarter
  • Net income for the quarter amounted to $50,372 vs. a net loss of $90,436 in the prior year’s comparable quarter
  • EBITDA for the quarter increased $129,900 or 385.5% vs. the prior year’s comparable quarter

“We continued to see excellent growth in the second quarter,” said President and Chief Executive Officer Douglass Simpson. “Our revenue and net income growth exceeded our expectations and we are especially excited about launching our Aspirin Works product into China. While there is much work to do for the remainder of the fiscal year, I am very pleased with the results of the quarter and the effort from our team members to deliver great results.”

The company noted that the quarterly results demonstrated particularly strong growth in sales of the AspirinWorks Test ® and the contract manufacturing sector, as the Company’s key customers continue expanding their presence in the U.S. and in important international markets.

The company continues to believe that the third and fourth fiscal quarters will remain strong and that fiscal year 2013 revenues will set another record for annual revenues, currently expected to be approximately $10.6 to $11 million, with substantial improvements in net income and EBITDA versus the prior year. As is always the case, there can be no such assurance that this guidance will be realized.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,034.93 +208.63 1.17%
S&P 500 2,100.40 +19.22 0.92%
NASDAQ 4,994.6020 +62.7870 1.27%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs