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Profile - Able Laboratories Inc. (OTC BB:ABRX.OB)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | Insider
Recent Events
Aug 27Price hit new 52-week high ($0.61)
Location
200 Highland Avenue, Suite 301
Needham, MA 02494
Phone: (781) 449-4926
Fax: (781) 449-5190
Employees (last reported count): 160
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Healthcare
 ·Industry: Biotechnology & Drugs
Related Links
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Ownership
·Insider and 5%+ Owners: 16%
·Institutional: 0% (0% of float)
(one institution)
·Net Inst. Buying: 30.0K shares (+47.88%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Able Laboratories, Inc., formerly DynaGen Inc., develops, makes and sells generic drugs. The Company's primary business activity is the development, manufacturing and marketing of generic drugs to its customers. Generic drugs are the chemical and therapeutic equivalents of brand-name drugs. They must meet the same governmental standards as the brand-name drugs they replace, and they must meet all FDA guidelines before they can be made or sold. The Company can manufacture and market a generic drug only if the patent or other government-mandated market exclusivity period for the brand-name equivalent has expired. Generic drugs are typically sold under their generic chemical names at prices significantly below those of their brand-name equivalents.
More from Market Guide: Expanded Business Description

Financial Summary
Able Laboratories, Inc., through its subsidiaries, Superior Pharmaceutical Company, Generic Distributors, Inc. and Apex Pharmaceuticals, develops, manufactures and distributes generic pharmaceuticals. For the six months ended 6/30/01, revenues fell 54% to $7.5 million. Net loss applicable to Common totaled $4.7 million, up from $1.9 million. Results reflect the disposition of GDI and Superior, reduced gross and operating margins and a $1.8 million increase in preferred stock expenses.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Pay

C. Robert Cusick, 54
Chairman, CEO
--  
Dhananjay Wadekar, 47
Pres, Treasurer, Sec., Director
$145K
Catherine Bardwick-Frost
VP of Investor Relations
--  
Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc..
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- OTC BB:ABRX.OBAs of 31-Aug-2001
Price and Volume
52-Week Low
on 27-Dec-2000
$0.156
Recent Price$0.50 
52-Week High
on 27-Aug-2001
$0.61 
Beta1.29 
Daily Volume (3-month avg)1.12M
Daily Volume (10-day avg)1.67M
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change+39.3%
52-Week Change
relative to S&P500
+86.8%
Share-Related Items
Market Capitalization$62.8M
Shares Outstanding125.6M
Float105.5M
Dividends & Splits
Annual Dividendnone 
Last Split: 1 for 10 on 11-Mar-1998
Per-Share Data
Book Value (mrq)$0.02 
Earnings (ttm)-$0.13 
Earnings (mrq)-$0.01 
Sales (ttm)$0.23 
Cash (mrq)0 
Valuation Ratios
Price/Book (mrq)26.67 
Price/EarningsN/A 
Price/Sales (ttm)2.18 
Income Statements
Sales (ttm)$22.8M
EBITDA (ttm)-$5.48M
Income available to common (ttm)-$12.7M
Profitability
Profit Margin (ttm)-41.5%
Operating Margin (ttm)-31.5%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)-55.29%
Return on Equity (ttm)-925.57%
Financial Strength
Current Ratio (mrq)0.48 
Debt/Equity (mrq)1.59 
Total Cash (mrq)$7,000 
Short Interest
As of 8-Oct-1998
Shares Short0 
Shares Short
(Prior Month)
46.0K
Daily Volume163.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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