Gum Tech sales & earnings
This article was originally published in The Tan Sheet
Executive Summary
"Growing consumer acceptance of the Zicam brand" spurred sales 17.9% to $5.5 mil. in fourth quarter, up 48.6% to $16.1 mil. for the year, Phoenix-based firm reports Feb. 28. Net loss for FY '01 improved 22.2% to $4.8 mil. Gum Tech's plans for 2002 include corporate name change, continued aggressive advertising, expanded R&D, application for CHPA membership and strengthening of senior management, firm says...