BioSource Reports Fourfold Increase in Quarterly Profit
BioSource International Inc., a Camarillo-based supplier of reagents and test kits used in biomedical research, reported a $163,474 profit for the second quarter that ended June 30, more than four times the $40,103 in earnings reported in the year-earlier period.
Revenue in the latest quarter was $1.71 million, up 26% from revenue of $1.35 million reported a year earlier.
For the first six months of 1994, the company reported earnings of $325,941 on revenue of $3.25 million, compared with year-earlier earnings of $200,319 on revenue of $2.61 million.
The company attributed the second-quarter results to the successful release of new test kits and increased investment in sales and marketing.