Message board...................... DD Facts:Cord Blood America Announces 2012 Financial Results
LAS VEGAS, April 1, 2013 /PRNewswire/ -- Cord Blood America, Inc. (www.cordblood-america.com) (OTC Bulletin Board: CBAI) ("CBAI" or the "Company") today announced financial results for the year ended December 31, 2012.
Full Year Ended December 31, 2012 Highlights
Revenue increased 18% to a record $6.0 million from $5.1 million in the year ago period.
Gross Profit increased 20% to $4.2 million from $3.5 million in the year ago period.
SG&A decreased 17% or $1.1 million to $5.6 million in 2012 from $6.7 million in 2011.
Total assets exceeded total liabilities by $0.52 million, a net change of $1.4 million from the prior year of 2011 where the liabilities outpaced company assets.
Net cash balance increased over 116% to $393,832 from the year ago period.
Positive cash flow from operations of $0.19 million, an improvement of 117% compared to the year ago period.