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Pharmaceutical industry

Belmac Corp. Reports 26% Revenue Growth in 3rd Quarter 1995

Strategic Insights

— 2 min read

Belmac Corp. has announced a 26% increase in revenues for the third quarter of 1995, reaching $7,876,000 compared to $6,239,000 in the same period of the prior year. The company's operating performance has also improved, with a reduced net loss of $568,000, or $.20 per share, for the quarter ended September 30, 1995. Year-to-date revenues totaled $23,583,000, a significant increase from $19,676,000 in the comparable period of 1994. The company's net loss has been reduced by more than one-half to $1,545,000, or $.56 per share, for the nine months ended September 30, 1995.

Key Takeaways:

  • Belmac Corp. reported a 26% increase in revenues for the third quarter of 1995, reaching $7,876,000 compared to $6,239,000 in the same period of the prior year.
  • The company's net loss for the quarter ended September 30, 1995, was $568,000, or $.20 per share, compared to a net loss of $908,000, or $.39 per share, in the same quarter of 1994.
  • Year-to-date revenues for the nine months ended September 30, 1995, totaled $23,583,000, a 19% increase from $19,676,000 in the comparable period of 1994.
  • The company's net loss for the nine months ended September 30, 1995, was $1,545,000, or $.56 per share, compared to a net loss of $3,651,000, or $1.67 per share, in the comparable nine months of 1994.
  • Michael D. Price, Vice President and Chief Financial Officer, attributed the company's growth to new third-party manufacturing contracts and cost control measures.
  • President and CEO James R. Murphy has implemented operational changes that have resulted in significant reductions in operating costs and growth in sales to over $30 million in the past 12 months.

Statistics:

  • Revenues for the quarter ended September 30, 1995: $7,876,000 (26% increase from $6,239,000 in the same quarter of the prior year)
  • Net loss for the quarter ended September 30, 1995: $568,000 (37% decrease from $908,000 in the same quarter of 1994)
  • Year-to-date revenues for the nine months ended September 30, 1995: $23,583,000 (19% increase from $19,676,000 in the comparable period of 1994)
  • Net loss for the nine months ended September 30, 1995: $1,545,000 (57% decrease from $3,651,000 in the comparable nine months of 1994)
  • Weighted average common shares outstanding: 2,978,000 (as of September 30, 1995)

Sources:

  • Business Wire, November 20, 1995
  • Belmac Corp., Press Release, November 20, 1995

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