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OTCs drive Q1 sales

This article was originally published in The Tan Sheet

Executive Summary

Over-the-counter net sales advanced 15% to $56.3 mil. during the first quarter, and order volumes for the segment grew by 15%, the online vendor announces April 25. OTCs are the "key drivers" of the business, making up 51% of revenues, the firm notes. The unit fueled 5.4% growth of net sales during the period to $109.8 mil. reports a net loss of $3.8 mil. in Q1; however, the performance reflects a 29% improvement from the same period of 2006. Second quarter sales are anticipated to be in the range of $108 mil.-$110 mil., with a $3 mil.-$4 mil. net loss, the company says...

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