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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowWest-Lafayette based Bioanalytical Systems Inc. restated its earnings on Wednesday and reported its second straight profitable year by posting a gain of $495,000 for the 12 months ended Sept. 30. Revenue in the fiscal year climbed nearly 5 percent, to $41.7 million.
The company adjusted its earnings after incorrectly stating the tax provision for the fourth quarter and fiscal year.
Bioanalytical Systems earned a year-end profit despite posting a fourth-quarter loss of $931,000. Prior to 2007, it had ended four consecutive years in the red.
The Purdue Research Park company provides contract research services and monitoring instruments to drug development companies and medical research organizations.
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