ADM Tronics Unlimited, Inc. (ADMT) has reported a 15.66 percent fall in profit for the quarter ended Sep. 30, 2016. The company has earned $0.43 million in the quarter, compared with $0.51 million for the same period last year. Revenue during the quarter grew 10.17 percent to $1.38 million from $1.25 million in the previous year period. Gross margin for the quarter contracted 653 basis points over the previous year period to 53.91 percent. Total expenses were 68.96 percent of quarterly revenues, down from 80.01 percent for the same period last year. This has led to an improvement of 1105 basis points in operating margin to 31.04 percent.
Operating income for the quarter was $0.43 million, compared with $0.25 million in the previous year period.
"Our new plan of action which we have implemented over the past two years continues to produce growth in revenues and income," stated Andre' DiMino, president of ADMT. "As a result of that plan, our balance sheet has improved significantly. With the additional cash reserves we have generated from our operations, we are now allocating more of our resources and efforts towards advancing our own proprietary medical technologies. Accordingly, as previously announced, we are in the process of completely redesigning our website to better reflect the full scope of our company today."
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