{"id":388890,"date":"2020-11-26T08:03:15","date_gmt":"2020-11-26T13:03:15","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=388890"},"modified":"2020-11-26T08:03:15","modified_gmt":"2020-11-26T13:03:15","slug":"biosyent-releases-financial-results-for-third-quarter-and-first-nine-months-of-2020","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/biosyent-releases-financial-results-for-third-quarter-and-first-nine-months-of-2020\/","title":{"rendered":"BioSyent Releases Financial Results for Third Quarter and First Nine Months of 2020"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"start\">MISSISSAUGA, Ontario, Nov.  26, 2020  (GLOBE NEWSWIRE) &#8212; BioSyent Inc. (\u201cBioSyent\u201d, TSX Venture: RX) released today its financial results for the three and nine months ended September 30, 2020. Key highlights include:<\/p>\n<ul type=\"disc\">\n<li>Third quarter (Q3) 2020 Net Revenues of $5,771,739 decreased by 7% versus Q3 2019<\/li>\n<li>First nine months (YTD) 2020 Net Revenues of $16,605,840 increased by 5% versus YTD 2019<\/li>\n<li>Q3 2020 Canadian Pharmaceutical Net Revenues of $5,470,569 increased by 14% versus Q3 2019<\/li>\n<li>YTD 2020 Canadian Pharmaceutical Net Revenues of $15,842,030 increased by 14% versus YTD 2019<\/li>\n<li>Q3 2020 International Pharmaceutical Net Revenues of $6,306 decreased by 99% versus Q3 2019 in which a backlog of International Pharmaceutical orders shipped concurrently<\/li>\n<li>YTD 2020 International Pharmaceutical Net Revenues of $168,471 decreased by 83% versus YTD 2019<\/li>\n<li>Q3 2020 EBITDA<sup>1<\/sup> of $1,399,781 decreased by 29% versus Q3 2019<\/li>\n<li>YTD 2020 EBITDA<sup>1<\/sup> of $4,460,350 increased by 10% versus YTD 2019<\/li>\n<li>Q3 2020 Net Income After Taxes (NIAT) of $955,909 decreased by 38% versus Q3 2019<\/li>\n<li>YTD 2020 NIAT of $3,129,633 decreased by 2% versus YTD 2019<\/li>\n<li>Q3 2020 NIAT percentage to Net Revenues of 17% compares to 25% in Q3 2019<\/li>\n<li>YTD 2020 NIAT percentage to Net Revenues of 19% compares to 20% in YTD 2019<\/li>\n<li>Q3 2020 Fully Diluted EPS of $0.07 was $0.04 lower than Q3 2019 Fully Diluted EPS of $0.11<\/li>\n<li>YTD 2020 Fully Diluted EPS of $0.24 was $0.01 higher than YTD 2019 Fully Diluted EPS of $0.23<\/li>\n<li>Fully Diluted EPS for the Trailing Twelve Months ended September 30, 2020 was $0.32 as compared to $0.34 for the Trailing Twelve Months ended September 30, 2019<\/li>\n<li>As at September 30, 2020, the Company had cash, cash equivalents, and short-term investments totalling $23,702,401 as compared to $21,973,477 as at December 31, 2019 \u2013 an 8% increase<\/li>\n<li>Total Shareholders\u2019 Equity increased by 1% to $26,119,884 at September 30, 2020 from $25,794,510 at December 31, 2019<\/li>\n<li>Return on Equity for the Trailing Twelve Months ended September 30, 2020 was 17% as compared to 19% for the Trailing Twelve Months ended September 30, 2019<\/li>\n<li>During YTD 2020, repurchased and cancelled a total of 594,275 common shares under a Normal Course Issuer Bid (NCIB)<\/li>\n<\/ul>\n<p align=\"justify\">\u201cWe experienced double-digit growth in our core Canadian pharmaceutical business in both the third quarter and year-to-date 2020 periods as our brands showed continued resilience during this COVID-19 era,\u201d commented Mr. Ren\u00e9 Goehrum, President and CEO of BioSyent. \u201cOur overall sales growth was impacted during the period as a result of declines in our international pharmaceutical business and legacy business which have been negatively impacted by COVID-19. Our profit margin was impacted during the period as a result of significant re-investment in the Canadian pharmaceutical business, including product development and new product launches, as we lay the foundations for future growth. We continue to invest and make progress on a number of long-term growth initiatives, including the recent launches of Tibella<sup>\u00ae<\/sup> and FeraMAX<sup>\u00ae<\/sup> Pd Therapeutic 150, as well as the upcoming launches of Combogesic<sup>\u00ae<\/sup> and a new women\u2019s health product in-licensed last month. This product launch schedule is ambitious and we look forward to reporting on the continued progress of these exciting initiatives which will significantly expand our Canadian pharmaceutical business.\u201d<\/p>\n<p align=\"justify\">The CEO\u2019s presentation on the Q3 2020 Results is available at the following link: <a href=\"http:\/\/www.biosyent.com\/q3-20\/\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>www.biosyent.com\/q3-20\/<\/u><\/a>.<\/p>\n<p align=\"justify\">The Company\u2019s Interim Unaudited Condensed Consolidated Financial Statements and Management&#8217;s Discussion and Analysis for the three and nine months ended September 30, 2020 and 2019 will be posted on <a href=\"http:\/\/www.sedar.com\/\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>www.sedar.com<\/u><\/a> on November 26, 2020.<\/p>\n<p>PDF Available:\u00a0<a href=\"http:\/\/ml.globenewswire.com\/Resource\/Download\/9598ab25-7b2e-4a7a-a348-4116961fc0c1\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">http:\/\/ml.globenewswire.com\/Resource\/Download\/9598ab25-7b2e-4a7a-a348-4116961fc0c1<\/a><\/p>\n<p>PDF Available:\u00a0<a href=\"http:\/\/ml.globenewswire.com\/Resource\/Download\/fb1ea3c3-51c4-4e42-81af-b4318bbc5f88\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">http:\/\/ml.globenewswire.com\/Resource\/Download\/fb1ea3c3-51c4-4e42-81af-b4318bbc5f88<\/a><\/p>\n<p>For a direct market quote for the TSX Venture Exchange and other Company financial information, please visit <a href=\"http:\/\/www.tmxmoney.com\/\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>www.tmxmoney.com<\/u><\/a>.<\/p>\n<p align=\"justify\">\n        <strong>About BioSyent Inc.<\/strong>\n      <\/p>\n<p align=\"justify\">Listed on the TSX Venture Exchange under the trading symbol \u201cRX\u201d, BioSyent is a profitable growth-oriented specialty pharmaceutical company focused on in-licensing or acquiring innovative pharmaceutical and other healthcare products that have been successfully developed, are safe and effective, and have a proven track record of improving the lives of patients. BioSyent supports the healthcare professionals that treat these patients by marketing its products through its community, specialty\/hospital and international business units.<\/p>\n<p align=\"justify\">As of the date of this press release, the Company has 12,808,600 common shares outstanding.<\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td colspan=\"7\" style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>BioSyent Inc.<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td colspan=\"7\" style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>Interim Unaudited Condensed Consolidated Statements of Comprehensive Income<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:40%;width:40%;min-width:40%;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"max-width:10%;width:10%;min-width:10%;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"max-width:10%;width:10%;min-width:10%;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"max-width:10%;width:10%;min-width:10%;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"max-width:10%;width:10%;min-width:10%;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"max-width:10%;width:10%;min-width:10%;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"max-width:10%;width:10%;min-width:10%;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: bottom\">In Canadian Dollars<\/td>\n<td style=\"border-top: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">Q3 2020<\/td>\n<td style=\"border-top: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">Q3 2019<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">% Change<\/td>\n<td style=\"border-top: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">YTD 2020<\/td>\n<td style=\"border-top: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">YTD 2019<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">% Change<\/td>\n<\/tr>\n<tr>\n<td style=\"border-left: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: bottom\">Net Revenues<\/td>\n<td style=\"border-top: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">5,771,739<\/td>\n<td style=\"border-top: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">6,219,748<\/td>\n<td style=\"border-top: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">-7%<\/td>\n<td style=\"border-top: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">16,605,840<\/td>\n<td style=\"border-top: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">15,855,038<\/td>\n<td style=\"border-top: solid black 1pt;padding-right: 0;border-right: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">5%<\/td>\n<\/tr>\n<tr>\n<td style=\"border-left: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: bottom\">Cost of Goods Sold<\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">1,277,645<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">1,527,351<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">-16%<\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">3,581,708<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">3,571,428<\/td>\n<td style=\"padding-right: 0;border-right: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">0%<\/td>\n<\/tr>\n<tr>\n<td style=\"border-left: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: bottom\">Gross Profit<\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">4,494,094<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">4,692,397<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">-4%<\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">13,024,132<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">12,283,610<\/td>\n<td style=\"padding-right: 0;border-right: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">6%<\/td>\n<\/tr>\n<tr>\n<td style=\"border-left: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: bottom\">Operating Expenses and Finance Income\/Costs<\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">3,191,544<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">2,672,750<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">19%<\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">8,823,283<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">8,082,232<\/td>\n<td style=\"padding-right: 0;border-right: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">9%<\/td>\n<\/tr>\n<tr>\n<td style=\"border-left: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: bottom\">Net Income Before Taxes<\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">1,302,550<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">2,019,647<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">-36%<\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">4,200,849<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">4,201,378<\/td>\n<td style=\"padding-right: 0;border-right: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">0%<\/td>\n<\/tr>\n<tr>\n<td style=\"border-left: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: bottom\">Tax (including Deferred Tax)<\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">346,641<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">487,221<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">-29%<\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">1,071,216<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">999,928<\/td>\n<td style=\"padding-right: 0;border-right: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">7%<\/td>\n<\/tr>\n<tr>\n<td style=\"border-left: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: bottom\">Net Income After Taxes<\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">955,909<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">1,532,426<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">-38%<\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">3,129,633<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">3,201,450<\/td>\n<td style=\"padding-right: 0;border-right: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">-2%<\/td>\n<\/tr>\n<tr>\n<td style=\"border-left: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: bottom\">Net Income After Taxes % to Net Revenues<\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">17%<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">25%<\/td>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">19%<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">20%<\/td>\n<td style=\"border-right: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"border-left: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: bottom\">EBITDA<\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">1,399,781<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">1,985,461<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">-29%<\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">4,460,350<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">4,046,866<\/td>\n<td style=\"padding-right: 0;border-right: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">10%<\/td>\n<\/tr>\n<tr>\n<td style=\"border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: bottom\">EBITDA % to Net Revenues<\/td>\n<td style=\"border-bottom: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">24%<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">32%<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">27%<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">26%<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<\/table>\n<ol>\n<li style=\"text-align:justify\">\n          <strong>EBITDA<\/strong> \u2013 is a Non-IFRS Financial Measure. The term EBITDA does not have any standardized meaning under International Financial Reporting Standards (IFRS) and therefore may not be comparable to similar measures presented by other companies. The Company defines EBITDA as earnings before interest income or expense, income taxes, depreciation and amortization.<\/li>\n<\/ol>\n<p align=\"justify\">\n        \n      <\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td colspan=\"6\" style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>BioSyent Inc.<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td colspan=\"6\" style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>Interim Unaudited Condensed Consolidated Statements of Financial Position<\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td colspan=\"6\" style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: bottom\">\n            <strong>\u00a0<\/strong>\n          <\/td>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>\u00a0<\/strong>\n          <\/td>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">\n            <strong>\u00a0<\/strong>\n          <\/td>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">AS AT\u00a0\u00a0<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">September 30, 2020<\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">December 31, 2019<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle;vertical-align: bottom\">% Change<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: bottom\">ASSETS<\/td>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:53%;width:53%;min-width:53%;text-align: left;vertical-align: middle;vertical-align: bottom\">Trade and other receivables<\/td>\n<td style=\"max-width:2%;width:2%;min-width:2%;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">$<\/td>\n<td style=\"max-width:14%;width:14%;min-width:14%;padding-left: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">2,618,242<\/td>\n<td style=\"max-width:2%;width:2%;min-width:2%;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">$<\/td>\n<td style=\"max-width:14%;width:14%;min-width:14%;padding-left: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">2,083,723<\/td>\n<td style=\"max-width:15%;width:15%;min-width:15%;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">26%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: bottom\">Inventory<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">1,247,361<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">2,139,127<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">-42%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: bottom\">Prepaid expenses and deposits<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">527,941<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">648,781<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">-19%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: bottom\">Derivative asset<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">20,400<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">&#8211;<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">100%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: bottom\">Cash, cash equivalents and short-term investments<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">23,702,401<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">21,973,477<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">8%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: bottom\">CURRENT ASSETS<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">28,116,345<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">26,845,108<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">5%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: bottom\">Property and equipment<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">2,241,514<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">2,482,266<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">-10%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: bottom\">Intangible assets<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">911,003<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">1,023,378<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">-11%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: bottom\">Loans receivable<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">597,302<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">588,467<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">2%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: bottom\">Deferred tax asset<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">12,608<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">26,095<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">-52%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: bottom\">TOTAL NON CURRENT ASSETS<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">3,762,427<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">4,120,206<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">-9%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"border-bottom: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: bottom\">TOTAL ASSETS<\/td>\n<td style=\"border-bottom: double 15px 3pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">$<\/td>\n<td style=\"border-bottom: double 15px 3pt;padding-left: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">31,878,772<\/td>\n<td style=\"border-bottom: double 15px 3pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">$<\/td>\n<td style=\"border-bottom: double 15px 3pt;padding-left: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">30,965,314<\/td>\n<td style=\"border-bottom: double 15px 3pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">3%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: bottom\">LIABILITIES AND SHAREHOLDERS&#8217; EQUITY<\/td>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: bottom\">CURRENT LIABILITIES<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">4,021,999<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">3,359,041<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">20%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: bottom\">NON CURRENT LIABILITIES<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">1,736,889<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">1,811,763<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">-4%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: bottom\">Long term debt<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">&#8211;<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">&#8211;<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">0%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: bottom\">Total Equity<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">26,119,884<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">\u00a0<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">25,794,510<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">1%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: bottom\">TOTAL LIABILITIES AND SHAREHOLDERS&#8217; EQUITY<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double 15px 3pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double 15px 3pt;padding-left: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">31,878,772<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double 15px 3pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double 15px 3pt;padding-left: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">30,965,314<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double 15px 3pt;padding-right: 0;text-align: right;vertical-align: middle;vertical-align: bottom\">3%<\/td>\n<\/tr>\n<\/table>\n<p align=\"justify\">\n        <strong>For further information please contact:<\/strong>\n      <\/p>\n<p align=\"justify\">Mr. Ren\u00e9 C. Goehrum <br \/> President and CEO <br \/> BioSyent Inc. <br \/> E-Mail: <a href=\"mailto:investors@biosyent.com\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>investors@biosyent.com<\/u><\/a><br \/> Phone: 905-206-0013 <br \/> Web: www.biosyent.com<\/p>\n<p align=\"justify\">\n        <em>This press release may contain information or statements that are forward-looking. The contents herein represent our judgment, as at the release date, and are subject to risks and uncertainties that may cause actual results or outcomes to be materially different from the forward-looking information or statements. Potential risks may include, but are not limited to, those associated with clinical trials, product development, future revenue, operations, profitability and obtaining regulatory approvals.<\/em>\n      <\/p>\n<p align=\"justify\">\n        <em>Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.<\/em>\n      <\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5MjUxNCMzODQ0NzAxIzIwODk2Njc=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/492813f2-dd61-41be-bd01-d687af656ac7\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>MISSISSAUGA, Ontario, Nov. 26, 2020 (GLOBE NEWSWIRE) &#8212; BioSyent Inc. (\u201cBioSyent\u201d, TSX Venture: RX) released today its financial results for the three and nine months ended September 30, 2020. Key highlights include: Third quarter (Q3) 2020 Net Revenues of $5,771,739 decreased by 7% versus Q3 2019 First nine months (YTD) 2020 Net Revenues of $16,605,840 increased by 5% versus YTD 2019 Q3 2020 Canadian Pharmaceutical Net Revenues of $5,470,569 increased by 14% versus Q3 2019 YTD 2020 Canadian Pharmaceutical Net Revenues of $15,842,030 increased by 14% versus YTD 2019 Q3 2020 International Pharmaceutical Net Revenues of $6,306 decreased by 99% versus Q3 2019 in which a backlog of International Pharmaceutical orders shipped concurrently YTD 2020 International Pharmaceutical Net Revenues of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/biosyent-releases-financial-results-for-third-quarter-and-first-nine-months-of-2020\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;BioSyent Releases Financial Results for Third Quarter and First Nine Months of 2020&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-388890","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BioSyent Releases Financial Results for Third Quarter and First Nine Months of 2020 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/biosyent-releases-financial-results-for-third-quarter-and-first-nine-months-of-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BioSyent Releases Financial Results for Third Quarter and First Nine Months of 2020 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"MISSISSAUGA, Ontario, Nov. 26, 2020 (GLOBE NEWSWIRE) &#8212; BioSyent Inc. (\u201cBioSyent\u201d, TSX Venture: RX) released today its financial results for the three and nine months ended September 30, 2020. Key highlights include: Third quarter (Q3) 2020 Net Revenues of $5,771,739 decreased by 7% versus Q3 2019 First nine months (YTD) 2020 Net Revenues of $16,605,840 increased by 5% versus YTD 2019 Q3 2020 Canadian Pharmaceutical Net Revenues of $5,470,569 increased by 14% versus Q3 2019 YTD 2020 Canadian Pharmaceutical Net Revenues of $15,842,030 increased by 14% versus YTD 2019 Q3 2020 International Pharmaceutical Net Revenues of $6,306 decreased by 99% versus Q3 2019 in which a backlog of International Pharmaceutical orders shipped concurrently YTD 2020 International Pharmaceutical Net Revenues of &hellip; Continue reading &quot;BioSyent Releases Financial Results for Third Quarter and First Nine Months of 2020&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/biosyent-releases-financial-results-for-third-quarter-and-first-nine-months-of-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-26T13:03:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5MjUxNCMzODQ0NzAxIzIwODk2Njc=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/biosyent-releases-financial-results-for-third-quarter-and-first-nine-months-of-2020\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/biosyent-releases-financial-results-for-third-quarter-and-first-nine-months-of-2020\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"BioSyent Releases Financial Results for Third Quarter and First Nine Months of 2020\",\"datePublished\":\"2020-11-26T13:03:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/biosyent-releases-financial-results-for-third-quarter-and-first-nine-months-of-2020\\\/\"},\"wordCount\":972,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/biosyent-releases-financial-results-for-third-quarter-and-first-nine-months-of-2020\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODA5MjUxNCMzODQ0NzAxIzIwODk2Njc=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/biosyent-releases-financial-results-for-third-quarter-and-first-nine-months-of-2020\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/biosyent-releases-financial-results-for-third-quarter-and-first-nine-months-of-2020\\\/\",\"name\":\"BioSyent Releases Financial Results for Third Quarter and First Nine Months of 2020 - 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(\u201cBioSyent\u201d, TSX Venture: RX) released today its financial results for the three and nine months ended September 30, 2020. Key highlights include: Third quarter (Q3) 2020 Net Revenues of $5,771,739 decreased by 7% versus Q3 2019 First nine months (YTD) 2020 Net Revenues of $16,605,840 increased by 5% versus YTD 2019 Q3 2020 Canadian Pharmaceutical Net Revenues of $5,470,569 increased by 14% versus Q3 2019 YTD 2020 Canadian Pharmaceutical Net Revenues of $15,842,030 increased by 14% versus YTD 2019 Q3 2020 International Pharmaceutical Net Revenues of $6,306 decreased by 99% versus Q3 2019 in which a backlog of International Pharmaceutical orders shipped concurrently YTD 2020 International Pharmaceutical Net Revenues of &hellip; Continue reading \"BioSyent Releases Financial Results for Third Quarter and First Nine Months of 2020\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/biosyent-releases-financial-results-for-third-quarter-and-first-nine-months-of-2020\/","og_site_name":"Market Newsdesk","article_published_time":"2020-11-26T13:03:15+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5MjUxNCMzODQ0NzAxIzIwODk2Njc=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/biosyent-releases-financial-results-for-third-quarter-and-first-nine-months-of-2020\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/biosyent-releases-financial-results-for-third-quarter-and-first-nine-months-of-2020\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"BioSyent Releases Financial Results for Third Quarter and First Nine Months of 2020","datePublished":"2020-11-26T13:03:15+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/biosyent-releases-financial-results-for-third-quarter-and-first-nine-months-of-2020\/"},"wordCount":972,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/biosyent-releases-financial-results-for-third-quarter-and-first-nine-months-of-2020\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5MjUxNCMzODQ0NzAxIzIwODk2Njc=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/biosyent-releases-financial-results-for-third-quarter-and-first-nine-months-of-2020\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/biosyent-releases-financial-results-for-third-quarter-and-first-nine-months-of-2020\/","name":"BioSyent Releases Financial Results for Third Quarter and First Nine Months of 2020 - 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