Chembio Diagnostics of Medford reports year-end profit
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Chembio Diagnostics Inc., Medford
Maker of diagnostic medical tests
Year: Ended Dec. 31
Net income: Profit of $309,000, compared with a loss of $1.9 million in the same period last year.
Net revenue: $13.8 million compared with $11 million in the year before.
Outlook: "I believe we are very well positioned to deliver continued growth in 2010 and beyond, as the growth from our base business is accelerated," Chembio's president, Lawrence A. Siebert, said in a news release.
Company statement: "We are very pleased with our 2009 results, which included strong growth in our base business of lateral flow HIV tests, and record revenue from research and development contracts and grants."
Sarra Sounds Off, Ep. 15: LI's top basketball players On the latest episode of "Sarra Sounds Off," Newsday's Gregg Sarra and Matt Lindsay take a look top boys and girls basketball players on Long Island.
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