Q2 2020 Biosyent Inc Earnings Call Transcript
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Hello, and welcome to the BioSyent Inc. Q2 and First Half 2020 Results Presentation. My name is René Goehrum , and I'm the President and CEO of the company. After drawing your attention to our forward-looking statements disclaimer, I want to start the presentation with a look at our revenue, EBITDA and net income after tax.
We'll start with a look at the quarter. As you can see, our sales were just below $4.8 million. That was a decline of 7% versus year ago, and this was impacted by a fair amount of trade loading and forward purchasing by our pharmaceutical customers in Canada, pharmacies and, in fact, patients. So the effect was strong accumulation and sales for us in first quarter, and it had a down effect on our revenue in April. We've seen -- subsequent to that, our business has smoothed out and the impact of a big March and a lower April has evened out, and we'll walk through that in a couple of slides.
So this represented our 40th consecutive profitable quarter, 10 years of continuous profitability. We
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