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International Absorbents, Inc. leads Thursday small-cap percentage gainers

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International Absorbents, Inc. (AMEX: IAX) reported $8.3 million in revenue for the first quarter ended April 30, a 26% increase from $6.6 million in the same period a year earlier. Net income more than tripled to $0.6 million, or $0.10 per share, compared with $0.1 million, or $0.02 per share, a year earlier.

Cargo company Air T, Inc. (Nasdaq: AIRT) reported a $2.5 million profit, or $0.95 per share, for the fiscal year 2007, up from $2 million, or $0.77 a share, in the prior year.

Wall Street analysts dismissed a day-old rumor that Syntax-Brillian Corp. (Nasdaq: BRLC) might stop key sales to a major vendor.

DepoMed, Inc. (Nasdaq: DEPO) said it has begun dosing patients in a Phase 2 trial for the its menopausal treatment.

Electro-Optical Sciences, Inc. (Nasdaq: MELA) reported that accrual is 20% complete in the final blinded pivotal trial its melanoma treatment MelaFind.

Financial services company Life Partners Holdings, Inc. (Nasdaq: LPHI) reported a profit of $4.7 million, or $0.49 per share, for the first quarter ended May 31, compared with $0.2 million, or $0.02 per share, in the same period a year earlier.

These are the biggest percentage gainers in Thursday's trading among companies with market capitalizations under $500 million:

    Price at %
3:39 et Change Change Volume Year High Year Low
 IAX  INTERNATIONAL ABSORBENTS INC   6.20     +2.15     +53.1%     753.8k     4.11     2.27  
 AIRT  AIR T INC   10.11     +1.90     +23.2%     582.0k     12.35     7.50  
 BRLC  SYNTAX BRILLIAN CORP   5.24     +0.68     +14.9%     9,017.6k     11.70     2.13  
 DEPO  DEPOMED INC   5.05     +0.59     +13.2%     1,710.7k     6.48     2.74  
 TRT  TRIO TECH INTL   21.02     +2.17     +11.5%     111.8k     22.50     5.86  
 OMN  OMNOVA SOLUTIONS INC   5.89     +0.58     +10.9%     268.7k     6.74     4.00  
 NTZ  NATUZZI S P A   8.48     +0.83     +10.8%     25.7k     9.78     6.25  
 MELA  ELECTRO OPTICAL SCIENCES INC   6.89     +0.66     +10.6%     114.0k     8.60     4.29  
 TRR  TRC COS INC   14.90     +1.29     +9.5%     257.4k     14.51     7.42  
 LPHI  LIFE PARTNERS HOLDINGS INC   28.45     +2.42     +9.3%     200.9k     26.89     4.76