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Financial Report: BASi

Results reflect higher revenues in both the service and product segments, as well as $265,000 of reduced operating expenses.

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By: Tim Wright

Editor-in-Chief, Contract Pharma

BASi

1Q Revenues: $8.1 million (+27%)

1Q Earnings: $310,000(loss of $1.5 million 1Q10)

Comments: Results reflect higher revenues in both the service and product segments, as well as $265,000 of reduced operating expenses. Service revenue was up 28% to $6.1 million in the quarter and product revenue was up 24% to $1.9 million.


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