ARTICLE | Company News

PerSeptive sales and marketing update

November 22, 1993 8:00 AM UTC

PBIO reported its first profitable quarter, posting net income of $46,000 (less than 1 cent per share) on revenues of $6.1 million in its fourth quarter ended Sept. 30. In the 1992 quarter, PBIO lost $552,000 (6 cents) on revenues of $2.1 million.

Product sales in the quarter doubled to $4.5 million from $2.1 million in the 1992 quarter. PBIO’s products include systems for the purification and analysis of biomolecules. ...