earnings
confidence high
sentiment neutral
materiality 0.55
Pharma-Bio Serv Q3 revenue falls 20.5% YoY; net income boosted by $1.96M PPP forgiveness
Pharma-Bio Serv, Inc.
- Revenue for Q3 $4.99M, down 20.5% YoY from $6.28M.
- Net income $2.28M includes $1.96M PPP loan forgiveness; prior year $0.69M.
- Nine-month revenue $14.5M vs $16.5M, down 12.2% YoY.
- Company focused on M&A strategy and geographic expansion.