Cord Blood America, Inc. (CBAI.OB) Releases Large 2006 Revenue Numbers, Gross Profits Reach New Heights
Cord Blood America completed their best quarter announcing $3.89 Million in revenues. This is a 71% increase compared to the $2.28 Million made in 2005, and is the third consecutive quarter topping the million dollar plateau. The company’s gross profit is up 37% from 2005 reaching $703,933 in 2006. Cord Blood America had an efficient year with net loss decreased significantly, in fact it dropped from $6.13 Million to $5.69 Million. The company also recorded a $2,112,505 interest expense, which accounted for approximately 35% of the loss. v Surprisingly, the large revenues did not include the recent acquisition of the…