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April 14th, 2006
IGI, Inc. Announces Highlights & Earnings for 2005
Abstract:
IGI, INC. (AMEX:IG) a technology company focused on the development of custom products using the patented Novasome(R) delivery technology today announces highlights and earning for 2005. Total revenues for 2005 were $2,867,000, which represented a decrease of $691,000 from revenues of $3,558,000 in 2004. Licensing and royalty income of $870,000 in 2005 decreased by $137,000 compared to 2004, primarily as a result of a $300,000 payment from Tarpan Therapeutics in 2004 partially offset by higher royalties from Estee Lauder in 2005. The Company had a net loss of $1,298,000, or $(.11) per share, in 2005 compared to a net loss of $892,000, or $(.08) per share, in 2004.
Source:
transworldnews.com
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