U.S. Microbicssees FY 99 EPS $0.50-$1.00|
CARLSBAD, Calif., Nov 20 (Reuters) - U.S. Microbics said Friday that net income for its fiscal year ending September 10, 1999, will range between $0.50 and $1.00 per share, while revenues reach at least $30 million.
The company, a marketer of proprietary microbial technologies for environmental cleanup, said it will begin filling a $30 million product backlog on December 15, when its new Carlsbad facility begins full operations. Products will be shipped to customers in the commercial, industrial, agricultural and municipal markets.
Based on market conditions, the company said it could achieve revenues of up to $100 million by 2002.