Bird Flu
Carrington Reports First Quarter 2007 Results
Published in Lab Business Week, June 3rd, 2007
Carrington Laboratories, Inc. (NASDAQ:CARN) reported total revenue for the quarter ended March 31, 2007 of $4.8 million, compared to revenue of $7.5 million in the year-ago period, a decrease of 36 percent. The quarter's performance was primarily attributable to a 52-percent drop in Consumer Services Division revenue, caused mainly by the previously reported expiration of a key customer's materials supply agreement. A new, three-year supply agreement is now in place. Medical services revenue remained unchanged from the year-ago period at $2.2 million.
Net loss for the first quarter of 2007, including $851,000 of net funding of the Company's wholly-owned drug delivery...
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Source: Lab Business Week (2007-06-03)
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