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Financial Report: BioClinica 3Q

Service revenues reach a record $19.2 million

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By: Tim Wright

Editor-in-Chief, Contract Pharma

BioClinica

3Q Revenues: $24.9 million (+16%)

3Q Earnings: $542,000 (+51%)

YTD Revenues: $70.7 million (+15%)

YTD Earnings: $2.6 million (+57%)

Comments: Service revenues increased 16% to a record $19.2 million. Current backlog was $114.1 million, up 4% in the quarter. Mark L. Weinstein, president and chief executive officer of BioClinica said, “We are extremely pleased with our third quarter operating results, which included strong growth in service revenue and non-GAAP operating income and margin resulting from increased demand for both our eClinical and medical imaging offerings.”

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