Biomerica, Inc. Announces Earnings Results for the Second Quarter and Six Months Ended November 30, 2015; Provides Sales Guidance for the Third Quarter 2016
Net sales were $2,452,073 for the first six months of fiscal 2016 compared to $2,168,050 for the first six months in fiscal 2014, an increase of 13.1%. The net loss for the six months ended November 30, 2015 was $139,103, or $0.02 per share, compared to net loss of $457,296, or $0.06 per share, in the same period the previous fiscal year.
The company announced that it anticipate sales in the third quarter 2016 to increase.