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PHARM-BIO SERV INC (PBSV) is a leading player in the life sciences industry, specializing in regulatory compliance, validation, and support services for regulated industries. Established in February 1993, PHARM-BIO SERV offers technical services, product and process transfers, commissioning, process engineering, and technology transfer to a variety of industries including pharmaceutical, medical devices, consumer, chemical, and biotechnology sectors in Puerto Rico, the United States, Brazil, and Europe. The company's integrated service structure is designed to provide comprehensive solutions to meet client needs. PHARM-BIO SERV has diversified its services by introducing new divisions to support clients, such as ScienzaLabs, a laboratory testing facility in Puerto Rico and Spain providing microbiological and analytical testing services; Metrologix, offering calibration program management solutions; and Integratek, providing IT services.
Pharma-Bio Serv (OTCQB:PBSV), a consulting firm serving various industries including pharmaceuticals, announced a revenue decline for the three and six months ending April 30, 2024. Revenues were $2.4 million and $4.8 million, respectively, marking a decrease of $2.2 million and $4.0 million compared to the same periods last year. The company reported a net loss of $0.2 million and $0.5 million for these periods, compared to net income of $0.4 million and $0.8 million in the previous year. Despite these setbacks, the company is investing in new client relationships and global events to foster growth and stability in the future.
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