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Bioanalytical Systems reports quarterly loss

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Bioanalytical Systems Inc. said on Wednesday that it lost $1.4 million in its fiscal first quarter as the company continued to struggle with falling demand for its products and services.

The loss for the West Lafayette-based life sciences contract research firm translated to 30 cents per share, compared with a loss of $1.5 million in the same period the prior year, or 32 cents per share.
 
Revenue in the fiscal quarter ended Dec. 31 fell 21 percent, to $6.4 million.

The company attributed the loss in revenue to a decrease in new bookings, as well as delays by sponsors on projects previously booked.

“The first fiscal quarter of 2010 was one of continued challenges for us,” Bioanalytical Systems CFO Michael Cox said in a prepared statement. “We experienced lower demand for our products and services, project cancellations and delays primarily due to the current general economic conditions, increased competition and consolidation of several large pharmaceutical and biotechnology companies.”

The company currently is without a CEO, after Richard M. Shepperd, 69, announced his retirement last month.

Shepperd, who joined the firm in October 2006, immediately relinquished his job as company president. He also announced his intention to retire from his post as CEO and his seat on the Bioanalytical Systems board on Feb. 12.

Bioanalytical Systems replaced Shepperd on an interim basis with Anthony Chilton, 53, the firm’s chief operating officer. The company intends to conduct a national search for a permanent CEO.

Shares of Bioanalytical Systems were trading at 70 cents each Wednesday morning.

 

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  1. Now if he'd just stay there...

  2. Daniel - what about the many US citizens who do NOT follow what the Bible teaches? The Hindus, Jews, Muslims and others who are all American citizens entitled to all rights as Americans?? This issue has NOTHING to do with "What the Bible says..." Keep all Churches separate from State! Pence's ongoing idiocy continues to make Indiana look like a backwards, homophobic state in the eyes of our nation. Can't we move on to bigger issues - like educating our kids?

  3. 1. IBJ should link to the referenced report. We are in the age of electronic media...not sharing information is lazy. Here is a link http://www.in.gov/gov/files/Blue_Ribbon_Panel_Report_July_9_2014.pdf 2. The article should provide more clarity about the make-up of this panel. The commenters are making this item out to be partisan, it does not appear the panel is partisan. Here is a list of the panel which appears to be balanced with different SME to add different perspectives http://www.in.gov/activecalendar/EventList.aspx?view=EventDetails&eventidn=138116?formation_id=189603 3. It suggests a by-pass, I do not see where this report suggests another "loop". 4. Henry, based on your kneejerk reaction, we would be better off if you moved to another state unless your post was meant as sarcasm in which case I say Well Done. 5. The article and report actually indicates need to improve rail and port infrastructure in direct contradiction to Shayla commentary. Specifically, recommendation is to consider passenger rail projects... 6. People have a voice with their elected officials. These are suggestions and do not represent "crony capitalism", etc. The report needs to be analyzed and the legislature can decide on priorities and spending. Don't like it, then vote in a new legislature but quit artificially creating issues where there are none! People need to sift through the politics and provide constructive criticism to the process rather than making uninformed comments in a public forum based on misinformation. IBJ should work harder to correct the record in these forums when blatant errors or misrepresentations are made.

  4. Joe ... Marriage is defined in the Bible ... it is mentioned in the Bible often. Marriage is not mentioned once in the US or Indiana Constitution ...

  5. Daniel - Educate me please: what does the Bible have to do with laws? If the government wasn't in the business of marriage to begin with, then it wouldn't have to "define" marriage at all. Marriage could be left as a personal, religious, or otherwise unregulated action, with no ties to taxes, legal status, etc. Then people could marry whomever they want, and all this silliness would go away. Remember to vote Libertarian in November.

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