Nov 20, 2019 / NTS GMT
RenéC. Goehrum - BioSyent Inc. - Chairman, CEO & President
Hello. Welcome to the BioSyent Q3 2019 Results Presentation. My name is René Goehrum, and I'm the President and CEO of BioSyent Inc.
I'm going to start today's presentation with a look at our quarter sales and profitability. So in the period ended September 30, our revenue hit $6.22 million, that was up 18% versus year ago. So the thing to note here is that $1 million of revenue was generated from FeraMAX customers outside of Canada. So we had reported in the past that we had somewhat of a backlog because of issues around import permits by our customer -- our largest customer. And so that backlog was shipped and -- to the end of September. And so that was $1 million of revenue essentially piled into 1 quarter and obviously had a positive impact on the quarter sales, and that trickled down through to both EBITDA and NIAT EBITDA up 15% to just under $2 million for the quarter and net income after tax at $1.53 million, up 21% versus a year ago. So this quarter represented our 37th consecutive profitable quarter.
Q3 2019 Biosyent Inc Earnings Call Transcript
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