INNOTECH REPORTS FIRST QUARTER 2009 RESULTS
2009 – Alpha Innotech Corp., San Leandro, California
Innotech Corp. (OTCBB:APNO), a leading provider of bioanalytical systems for
drug discovery and life science research, today reported financial results for
their first quarter ending March 31, 2009.
quarter revenues of $3.69 million increased 1% from the $3.67 million reported
in the same period in 2008.
Company posted a net loss of $218,963 in the first quarter ending March 31, 2009
as compared to a $2,057 net loss in the comparable period of 2008.
interest, depreciation and stock-based compensation on a non-GAAP basis, the
Company had net income of $203,698 for the first quarter of 2009 compared to
$338,310 for the first quarter of 2008. The non-GAAP net income
(loss) is reconciled to comparable GAAP net income (loss) in the table entitled
“Non-GAAP Calculation of Net Income”.
revenue increase does not reflect the fact that our new orders increased 17% in
the first quarter of 2009 compared to the first quarter of 2008. By
comparison, our first quarter of 2008 benefitted from a significantly larger
beginning backlog as well as a one-time gain from a patent sale,” said Ron
Bissinger, Chief Executive Officer of Alpha Innotech.
SpectraPlex™, a multicolor fluorescent Western blotting kit optimized for
use on the Company's FluorChem® Q
Added sales personnel in China and India to continue building revenue-generating
capabilities in the rapidly growing Asia region
a portfolio of new service products allowing customers to choose from a variety
of service and support options
information on Alpha Innotech can be found at the Company’s website
The following information was filed by Alpha Innotech Corp on Wednesday, May 13, 2009 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.