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American Bio Medica Corporation

Diagnostics company records 1.6% increase in sales

Net sales for the first quarter of 2005 were $3,122,000, an increase of $50,000, or 1.6%, over the $3,072,000 in net sales for the same period last year. The company reported net income of $74,000, or $0.00 per share for the first quarter, compared to a net income of $24,000, or $0.00 per share for the same period a year ago.

The company also reported that in the first quarter of 2005 six new domestic sales managers and a new sales support professional were hired and the company continued its contract manufacturing of point of...

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