Business Wire | Sep 15, 2020 10:52AM EDT

BIOQUAL Presents Financial Results for Fiscal Year 2020 and Declares Dividend

Sep. 15, 2020

ROCKVILLE, Md.--(BUSINESS WIRE)--Sep. 15, 2020--BIOQUAL ((OTC Pink: BIOQ) (www.bioqual.com):

2020 2019

Revenue $ 46,360,201 $ 39,478,079

Income Before Income Tax $ 5,488,938 $ 3,709,246

Net Income $ 4,230,938 $ 2,830,875

Basic Earnings per Share

of Common Stock $ 4.74 $ 3.17

Diluted Earnings per Share

of Common Stock $ 4.73 $ 3.17

Weighted Average

Number of Shares Outstanding

For Basic Per Share 893,416 893,416

Weighted Average

Number of Shares Outstanding

For Diluted Earnings Per Share 893,971 893,655

BIOQUAL's Board of Directors has declared a dividend of $1.10 per share for shareholders of record on September 28, 2020, payable on October 21, 2020. This is the nineteenth dividend declared by BIOQUAL.

Statements herein that are not descriptions of historical facts are forward-looking and subject to risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors including risks relating to the ability to continue to extend current government contracts; the Company's ability to obtain new government or commercial contracts; continued demand for the use of animal models in scientific research; the Company's ability to perform under its contracts in accordance with the requirements of the contracts; the actual costs incurred in performing the Company's contracts and its ability to manage its costs, including its capital expenditures; dependence on third parties; future capital needs; the ability to fund its capital needs through the use of its cash on hand and line of credit; and the future availability and cost of financing/capital sources to the Company.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200915005969/en/

CONTACT: Mark G. Lewis, Ph.D., CEO (240-404-7654)