Biomerica Inc.
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The Newport Beach medical company reported a first-quarter net loss of $987,000, or 22 cents a share, which included $647,000 in one-time charges related to Biomerica’s new online pharmacy, TheBigRx.com. A year ago, the company posted a net loss of $17,000. Sales for the quarter ended Aug. 31 declined 18% to $1.8 million. The first phase of the on-line pharmacy is scheduled to begin later this year.
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