Replies to post #99340 on CBA Florida Inc. (fka CBAI)

[tradinguru]

I wondered the same thing. I believe the numbers were horrible or they would have touted the success of the outsourcing in the 10q.

Also the outsourcing makes me wonder how many new customers were signed up in Q1.....

We do know that revenue was down 23%. Partly because of business they gave away, and I'm more than sure a lack of new customers.

[Edward]

Appears to be .32 million revenues from new customers.Total Revenue was .99 million, and from recurring storage .67 million leaves .32 from new customers,about 300 new customers ($1000*300=300m) i would guess.Or am i looking at it wrong?


"Cord Blood America Reports 2016 First Quarter Financial Results" on 5/16/2016 in this paragraph :

First Quarter Highlights Include:

Total revenue for the first quarter 2016 was $0.99 million, a decrease of 22.7% from total revenue of $1.28 million for the first quarter 2015.
Recurring storage revenue for the first quarter 2016 was $0.67 million, an increase of 3.1% from recurring storage revenue of $0.65 million for the first quarter 2015.
EBITDA for the first quarter 2016 was $0.08 million, a decrease of 62.2% from EBITDA of $0.21 million for the first quarter 2015.

Stephen Morgan, Interim President of Cord Blood America, Inc. commented, "As previously disclosed, new orders for tissue procurement services were reduced significantly starting in October 2015 and completely ceased in March 2016. It is unclear whether this revenue will return, and accordingly, the Company continues to diligently manage expenses in relation to revenue."