Mesa Laboratories, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
June 05, 2024 at 06:00 am
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Mesa Laboratories, Inc. reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was USD 58.9 million compared to USD 55.59 million a year ago. Net loss was USD 254.58 million compared to net income of USD 0.611 million a year ago. Basic loss per share from continuing operations was USD 47.2 compared to basic earnings per share from continuing operations of USD 0.11 a year ago. Diluted loss per share from continuing operations was USD 47.2 compared to diluted earnings per share from continuing operations of USD 0.11 a year ago.
For the full year, sales was USD 216.19 million compared to USD 219.08 million a year ago. Net loss was USD 254.25 million compared to net income of USD 0.93 million a year ago. Basic loss per share from continuing operations was USD 47.2 compared to basic earnings per share from continuing operations of USD 0.17 a year ago. Diluted loss per share from continuing operations was USD 47.2 compared to diluted earnings per share from continuing operations of USD 0.17 a year ago.
Mesa Laboratories, Inc. is a multinational manufacturer, developer, and seller of life sciences tools and critical quality control solutions. Its segments include Clinical Genomics, Sterilization and Disinfection Control, Biopharmaceutical Development, and Calibration Solutions. Its Clinical Genomics segment develops, manufactures, and sells throughput genetic analysis tools used by labs to perform clinical genomic testing in several therapeutic areas. Its Sterilization and Disinfection Control segment manufactures and sells biological, chemical, and cleaning indicators used to assess the effectiveness of sterilization and disinfection processes. Biopharmaceutical Development segment develops, manufactures, and sells automated systems for protein analysis (immunoassays) and peptide synthesis solutions. Its Calibration Solutions segment develops, manufactures, and sells quality control products used to measure or calibrate temperature, pressure, pH, humidity, and other such parameters.