Pacific Biometrics, Inc. , a leading provider of specialty central laboratory and contract research services, today released its financial results for FY2008.
Revenues for the year ended June 30, 2008 decreased approximately 3% to $8,265,237, compared with $8,480,330 in the previous fiscal year. The Company posted an operating loss of $566,026 in FY2008, versus an operating loss of $564,763 in FY2007. The net loss for FY2008 was reduced by 53% to $571,429, or $0.03 per fully diluted share, compared with a net loss of $1,213,090, or $0.06 per fully diluted share, in FY2007.
"While full-year revenues for Fiscal 2008 were comparable to revenues in Fiscal 2007, the second half of the 2008 fiscal year was notably stronger than the first six months," commented Ron Helm, Chairman and Chief Executive Officer of Pacific Biometrics, Inc.
