Biomerica, Inc. (OTCMKTS:BMRA) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Biomerica, Inc. (OTCMKTS:BMRA) announced its quarterly earnings data on Monday, October 16th. The company reported ($0.02) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.01, Bloomberg Earnings reports. The business had revenue of $1.44 million during the quarter, compared to analyst estimates of $1.52 million. Biomerica had a negative net margin of 23.86% and a negative return on equity of 29.80%.

Biomerica (BMRA) opened at 2.80 on Friday. The firm’s market cap is $23.86 million. The company has a 50-day moving average of $2.80 and a 200 day moving average of $2.64. Biomerica has a 52-week low of $1.53 and a 52-week high of $2.99.

Separately, ValuEngine lowered shares of Biomerica from a “hold” rating to a “sell” rating in a research report on Friday, August 11th.

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Biomerica Company Profile

Biomerica, Inc is a biomedical company, which develops, manufactures and markets medical diagnostic products for the early detection and monitoring of chronic diseases and medical conditions. The Company’s medical diagnostic products are sold around the world in over two markets, including clinical laboratories and point of care (physicians’ offices and over-the-counter drugstores).

Earnings History for Biomerica (OTCMKTS:BMRA)

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