IRIS Earnings Up

IRIS International, Inc., a producer of urinalysis technology in Chatsworth, reported a 110 percent increase in net earnings for the fourth quarter 2005. It reported earnings of $1.7 million, or $0.10 per share on revenues of $17.2 million. The increase was a result of sales growth of the iQ 200 Automated Urinalysis product line. For the same period in 2004, the company reported earnings were $831,0000, or $0.05 per share on revenues of $12.2 million. For the full year of 2005, earnings increased 169% to $6.1 million, or $0.35 per share on sales of $62.8 million compared to earnings in 2004 of $2.3 million, or $0.14 per share on sales of $43.7 million.