Cord Blood America, Inc. (CBAI.OB), reports that revenues for the first quarter ended March 31, 2007, totaled $1.698 million, a new record quarter for the Company and up 208 percent compared to revenues totaling $551,060 in the same quarter in 2006.
The Company reported gross profit of $599,255 in the first quarter of 2007 compared to gross profit of $25,852 in the same period in 2006.
“The robust growth for this quarter shows that the business model we have established is working well,” said CEO Matthew Schissler. “We will continue to seek accretive acquisitions and growth that make sense but do not dilute shareholders. Strengthening our balance sheet is a primary objective of our Company.”
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