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Consolidation efforts impact results
May 15, 2013
By: Tim Wright
BASi 2Q Revenues: $5.2 million (-26%) 2Q Loss: $169,000 (loss of $1.9 million 2Q12) YTD Revenues: $11.0 million (-24%) YTD Loss: $30,000 (loss of $3.4 million YTD12) Comments: Service revenue in the quarter was down 31% due to the consolidation of BASi’s Oregon lab into its West Lafayette facility and the closure of its UK lab. Product revenue was down 12% in the quarter, primarily due to the delayed launch of Culex NxT, but increased 31% compared to 1Q13.
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