Calypte Announces Second Quarter 2007 Results
LAKE OSWEGO, Ore.--(BUSINESS WIRE)--
Calypte Biomedical Corporation (OTCBB: CBMC), a manufacturer of medical diagnostic tests for the rapid detection of antibodies to the human immunodeficiency virus (HIV), announced today its financial results for the quarter ended June 30, 2007.
For the quarter ended June 30, 2007 Calypte recorded revenues of $282,000, compared with $49,000 in the second quarter of 2006. The net loss for the quarter was approximately $0.8 million, or $0.00 per common share, in 2007 compared with a net loss of approximately $3.7 million or $0.02 per common share in 2006. Net loss for the quarter includes net non-cash selling, general and administrative and interest (income) expense totaling $(0.6) million in 2007 and $2.5 million in 2006.
For the six-month period ended June 30, 2007, revenues totaled $334,000 versus revenues of $140,000 for the same period in 2006. The net loss was $3.6 million or $0.01 per common share for the six-months ended June 30, 2007, compared to a net loss of $7.1 million or $0.04 per common share for the same period in 2006. The net loss for the six-month period ended June 30, 2007 and 2006 includes non-cash selling, general and administrative and interest expense totaling $1.1 million and $4.6 million, respectively.
The Company ended the second quarter with cash and cash equivalents of approximately $3.2 million. |