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Nyer Medical Group, Inc. Reports Revenues of $18.1 Million With Net Loss of $.01 Per Share for 1st Quarter Fiscal Year 2008

Published in Hospital Law Weekly, November 29th, 2007

Nyer Medical Group, Inc. (NASDAQ:NYER) reported results for the first quarter of fiscal year 2008. Revenues for the three months ended September 30, 2007 increased $1,203,498 or 7.1% to $18,085,149 as compared to $16,881,651 as reported for the same period last year. Net loss for the three months ended September 30, 2007 was $34,789 or $.01 per common share as compared to a net loss of $5,214 or $.00 per common share for the same period ended September 30, 2006.

The pharmacies segment's revenues increased $1,460,019 to $16,924,429 or 9.4% for the three months ended September 30, 2007 as compared to $15,464,410 for the for the three months ended September 30, 2006, due...

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