SeraCare Life Sciences Inc. (SRLS) Posts Q1 Financial and Operational Results
Global life sciences company SeraCare Life Sciences Inc. today reported its financial results and recent corporate highlights for its first quarter of fiscal year 2011, ended December 31, 2010, noting recent corporate highlights leveraging its long-term goals. SeraCare reported first-quarter revenue of $10.5 million, a 7 percent decrease compared to $11.3 million for the same quarter of the prior year. Gross margins decreased to 38 percent for the quarter compared to 44 percent for the same quarter of the prior year. The company earned net income of $1.6 million for the first quarter, which included a non-recurring reorganization benefit of…