BIOQUAL Presents Financial Results for Fiscal Year 2016 and Declares Dividend

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

     

 

2016

2015

Revenue $ 33,060,341 $ 28,935,714
Income Before Income Tax $ 4,663,029 $ 3,119,222
Net Income $ 2,878,367 $ 1,906,428

Basic Earnings per Share of Common Stock

$

3.22

$

2.13

Diluted Earnings per Share of Common Stock

$

3.22

$

2.13

Weighted Average Number of Shares Outstanding For Basic Earnings

893,459 893,466

Weighted Average Number of Shares Outstanding For Diluted Earnings

893,459 893,466
 

BIOQUAL’s Board of Directors has declared a dividend of $0.45 per share for shareholders of record on October 5, 2016, payable on October 26, 2016. This is the fifteenth dividend declared by BIOQUAL.

Statements herein that are not descriptions of historical facts are forward-looking and subject to risk 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 commercial contracts; the performance of the business acquired in the ABL acquisition; the Company’s ability to perform under its contracts in accordance with the requirements of the contracts; the actual cost incurred in performing its contracts and the Company’s ability to manage its costs; 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.

Contacts

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

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