09:54 AM EST - Microbix Biosystems Inc. : Reports results for its 2020 fiscal year. 2020 revenue was $10,524,904, a 22% decrease from 2019 revenues of $13,412,341. Included were antigen product revenues of $8,688,239 (2019 - $11,980,527). Lower sales, fewer resulting gross margin dollars, the write down of the deferred tax assets and the impairment of assets for the year led to a 2020 operating loss of $1,580,703 and net loss (after the above non-cash impairment charges) of $6,227,525 versus an operating income of $43,681 and net income of $31,918 in 2019. Cash from operations was $8,566, compared to cash from operations of $44,368 in 2019. Microbix Biosystems Inc.
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