OraLabs
This article was originally published in The Tan Sheet
Executive Summary
Third-quarter sales fell nearly 4% to $2.8 mil. with a net loss of $360,205 compared to net income of $33,431 in the prior-year period, OraLabs reported Nov. 16. The Parker, Colo.-based firm attributes the lackluster results to expenses associated with the company's relocation, which contributed to reduced gross profit. OraLabs expects sales to pick up, noting the company is "going into its busy season" and is "hopeful that our expansion investments will pay off." OraLabs manufacturers dietary supplements 5-HTP and Cheat & Lean...