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Last C$0.50 CAD
Change Today 0.00 / 0.00%
Volume 0.0
RBM On Other Exchanges
As of 4:10 PM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

response biomedical corp (RBM) Snapshot

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Day High
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52 Week High
09/9/14 - C$1.39
52 Week Low
08/18/15 - C$0.35
Market Cap
Average Volume 10 Days
Shares Outstanding
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response biomedical corp (RBM) Details

Response Biomedical Corp. engages in the research, development, commercialization, and distribution of diagnostic technologies for the medical central-lab testing, point of care (POC) testing, and on-site environmental testing markets. The POC and on-site diagnostic tests are non-laboratory based tests performed using portable hand-held devices, compact desktop analyzers, single-use test cartridges, and/or dipsticks. It provides RAMP system, which is a portable fluorescence immunoassay-based diagnostic technology that combines the performance of a clinical lab with the convenience of a dipstick test. The company’s RAMP tests are used in the early detection of heart attack, congestive heart failure, influenza A+B, the respiratory syncytial virus, and environmental detection of West Nile Virus; and biodefense applications, including the rapid on-site detection of anthrax, smallpox, ricin, and botulinum toxin. Response Biomedical Corp. sells its products through distributors primarily in the United States, Asia, the Latin America, Europe, South America, Canada, the Middle East, and internationally. The company was founded in 1980 and is headquartered in Vancouver, Canada.

68 Employees
Last Reported Date: 03/19/15
Founded in 1980

response biomedical corp (RBM) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: C$212.3K
Chief Financial Officer and Corporate Secreta...
Total Annual Compensation: C$251.1K
Treasurer, Director and Member of Option Comm...
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

response biomedical corp (RBM) Key Developments

Response Biomedical Corp. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Response Biomedical Corp. reported unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenue of CAD 4,266,000 against CAD 3,077,000 a year ago. Net loss and comprehensive loss for the period was CAD 2,000 against net income and comprehensive income for the period of CAD 288,000 a year ago. Adjusted EBITDA was CAD 631,000 against adjusted LBITDA of CAD 242,000 a year ago. Adjusted net income was CAD 148,000 against adjusted net loss of CAD 751,000 a year ago. The decrease in GAAP Net income was primarily due to an unrealized loss on the revaluation of the warrant liability compared to an unrealized gain in the comparative 2014 period. For the six months, the company reported total revenue of CAD 7,806,000 against CAD 5,636,000 a year ago. Adjusted net loss was CAD 1,007,000 against CAD 2,113,000 a year ago. Net loss and comprehensive loss for the period was CAD 1,102,000 against CAD 1,235,000 a year ago. Basic and diluted loss per share was CAD 0.11 against CAD 0.16 a year ago. Adjusted LBITDA was CAD 27,000 against CAD 1,061,000 a year ago.

Response Biomedical Promotes Dr. Barbara Kinnaird to CEO

The Board of Directors of Response Biomedical Corp. announced that Dr. Barbara Kinnaird has been elevated to the position of Chief Executive Officer, effective immediately. He is an Interim Chief Executive Officer since September 2014. Dr. Barbara Kinnaird has over 20 years of research and business experience primarily in the fields of point of care testing and in vitro diagnostics.

Response Biomedical Reports Earnings Results for the First Quarter Ended March 31, 2015

Response Biomedical reported earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported product sales of CAD 3,271,000 compared to CAD 2,559,000 a year ago. The increase was primarily due to higher instrument and cardiovascular test sales in China. Total revenue CAD 3,540,000 compared to CAD 2,559,000 a year ago. Adjusted net loss CAD 1,155,000 compared to CAD 1,362,000 a year ago. Net loss and comprehensive loss for the period CAD 1,100,000 compared to CAD 1,523,000 a year ago. The decrease in GAAP Net loss was primarily due to higher gross profit due to the increase in collaborative revenue and the decrease in operating expenses. Loss per basic and diluted share was CAD 0.11 compared to CAD 0.19 a year ago. Adjusted EBITDA was CAD 658,000 compared to CAD 819,000 a year ago. Adjusted net loss was CAD 1,155,000 compared to CAD 1,362,000 a year ago.


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