BAB INC
SymbolBABB

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BAB, Inc. Reports Profit for 2nd Quarter FY 2009

2009-07-02 13:58 ET - News Release


DEERFIELD, Ill. -- (Business Wire)

BAB, Inc. (OTCBB: BABB), announced its financial results for its second quarter ended May 31, 2009, reporting net income of $111,000, or $0.02 per share, versus net income of $177,000, or $0.02 per share, for the same quarter last year.

For the quarter ended May 31, 2009, BAB had revenues of $797,000 and net income of $111,000, or $0.02 per share, versus revenues of $945,000 and net income of $177,000, or $0.02 per share, for the same quarter last year.

For the six months ended May 31, 2009, BAB had revenues of $1,575,000 and a net loss of $2,283,000, or ($0.31) per share, versus revenues of $1,917,000 and net income of $320,000, or $0.04 per share for the same period in 2008. Excluding the first quarter 2009 noncash impairment charge for goodwill and other intangibles of $2,399,000, the six months ended May 31, 2009 net income would have been $116,000. There was no impairment charge in 2008.

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