Nichols Institute Gains in 3rd Quarter

Nichols Institute in San Juan Capistrano said it earned $348,000 during the third quarter, up from a year-earlier net loss of $181,000.

Revenues for the quarter were $14.4 million, up 62% from $8.9 million.

For the first nine months, Nichols said, net income rose to $919,000 from a loss of $209,000 in the same period last year.

Nine-month revenues were $40.9 million, up 61% from $25.4 million.

Nichols operates medical-testing laboratories and makes diagnostic test kits.