Natrol sales & earnings
This article was originally published in The Tan Sheet
Executive Summary
Chatsworth, Calif.-based company will continue to invest in its recently launched Annasa network marketing subsidiary and expects to incur $1 mil.-$2 mil. in related expenses until the division reaches cash flow break even point in 2004, according to Natrol's 110-K report filed April 14 with the Securities & Exchange Commission. Firm recorded $6.1 mil. net loss in 2002, including a $6.8 mil. charge related to write off of goodwill from prior acquisitions. Sales fell 2.1% to $70.3 mil. for the year, due primarily to the firm's inability to increase its overall presence within "core mass-market and health food channels of trade" and intentional reduction of "slow moving and unprofitable items," Natrol says...
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