BioDelivery Sciences International

Biotech company reports first quarterly profit of $0.14 per share

Published in Pharma Investments, Ventures and Law Weekly, December 26th, 2004

BioDelivery Sciences International, Inc., (BDSIC, BDSIW) reported financial results for its fiscal quarter ended September 30, 2004, by filing its quarterly report on Form 10-QSB with the U.S. Securities and Exchange Commission.

For the third quarter of fiscal 2004, BDSI reported total revenue of approximately $665,000, compared to revenue of approximately $780,000 for the same period in fiscal 2003.

However, BDSI reported its first quarterly profit, slightly in excess of $1 million, or $0.14 per share, due in part to a one-time $2.5 million asset sale (consisting of a future royalty revenue stream) to Accentia Biopharmaceuticals, Inc., a related...

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Source: Pharma Investments, Ventures and Law Weekly (2004-12-26)

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