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Wednesday, Jun 7, 2023

HemaCare Boosts Revenue 18 Percent

The Woodland Hills blood products and service provider HemaCare Corp. reported third quarter 2006 revenue increased 18 percent from the same 2005 period. HemaCare created $9.2 million in revenue, up from $7.8 million last year. Gross profit totaled $1.7 million, compared to $1.4 million during the quarter of 2005, the company reported. Net income also rose 52 percent to $448,000, or $0.05 per diluted share, for the quarter, the company’s 12 such consecutive profitable quarter. The boost was fueled by a 20 percent increase in revenue from blood products, the company said.

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