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BIOQUAL Presents Unaudited Financial Results for First Quarter of Fiscal Year 2018

ROCKVILLE, Md.--(BUSINESS WIRE)-- BIOQUAL, Inc. (OTC Pink: BIOQ) (www.bioqual.com):

Three Months Ended
August 31,

2017

2016

Revenue $ 8,704,753 $ 9,166,192
Income Before Income Tax $ 1,362,298 $ 1,730,389
Net Income $ 786,698 $ 999,189

Basic Earnings per Share of Common Stock

$

.88

$

1.12

Diluted Earnings per Share of Common Stock

$

.88

$

1.12

Weighted Average Number of Shares Outstanding For Basic and Diluted Earnings

893,416

893,416

For more detail related to the fiscal year 2018 unaudited first quarter results, please visit our web site at www.bioqual.com.

Statements herein that are not descriptions of historical facts are forward-looking and subject to risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors including risks relating to the ability to continue to extend current government contracts and obtain new contracts; the Company’s ability to obtain new government or commercial contracts; continued demand for the use of animal models in scientific research; the Company’s ability to perform under its contracts in accordance with the requirements of the contracts; the actual costs incurred in performing the Company’s contracts and its ability to manage its costs, including its capital expenditures; dependence on third parties; future capital needs; the ability to fund its capital needs through the use of its cash on hand and line of credit; and the future availability and cost of financing/capital sources to the Company.

View source version on businesswire.com: http://www.businesswire.com/news/home/20171110005476/en/

BIOQUAL, Inc.
Mark G. Lewis, Ph.D., CEO
240-404-7654

Source: BIOQUAL, Inc.