Brief: Biomerica Announces Preliminary Q2 Revenue Increase Of About 238%

Biomerica

16/12/2021 14:39

Dec 16 (Reuters) - Biomerica Inc  BMRA.O :
    * BIOMERICA ANNOUNCES PRELIMINARY SECOND QUARTER REVENUE
INCREASE
OF APPROXIMATELY 238%, TO APPROXIMATELY $4.6 MILLION
    * SEES Q2 REVENUE ABOUT $4.6 MILLION
    * FOR Q2 ENDED NOVEMBER 30, 2021, COMPANY ALSO EXPECTS TO
REPORT
AN OPERATING LOSS OF BETWEEN $0.9 MILLION AND $1.3 MILLION.
    * EXPERIENCED LOGISTICS CONSTRAINTS AND SIGNIFICANTLY HIGHER
SHIPPING COSTS WHICH HAD A MATERIAL NEGATIVE IMPACT
    * INFOODS IBS CLINICAL TRIAL ON TRACK FOR COMPLETION IN
DECEMBER

Source text for Eikon:  ID:nGNXbdM9sB 
Further company coverage:  BMRA.O 

 ((Reuters.Briefs@thomsonreuters.com;))