Q3 2021 Biosyent Inc Earnings Call Transcript
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Hello, and welcome to the BioSyent Inc. Q3 and YTD 2021 results presentation for the 9 months ended September 30. My name is René Goehrum, and I'm the President and CEO of the company.
I'm going to start today's presentation with a look at our sales, EBITDA and net income after tax for the 3 months ended September 30 of '21.
As you can see, our sales were just below $6.7 million in the quarter. That was an increase of 16% versus the year ago, driven by our Canadian Pharmaceutical business, up 17% measured in dollars, and we did not ship to any International Pharmaceutical customers in the quarter. I've got some more comments on that in subsequent slides. And our Legacy Business was down 5% in the quarter.
Our EBITDA was just under $2.3 million, representing a 64% increase to the year ago, and our net profit of $1.72 million was up 80% to the year ago. It represented our 45th consecutive profitable quarter and our net margin after tax of 26% represented a high watermark in quite some period of time.
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