Sales & Earnings In Brief
This article was originally published in The Tan Sheet
Executive Summary
PacificHealth: Second-quarter revenues for PacificHealth Laboratories, Inc. increased 15 percent to $2.37 million compared to $2.07 million in the prior year's period. For the April-June period in its fiscal 2008, the Matawan, N.J.-based firm records a net loss of $146,608 compared to a net loss of $127,276 last year. PacificHealth says its focus has been base business growth and increased efficiency. "Achieving 15 percent revenue growth for the second quarter, moving our gross profit margin from 37.3 percent to 45 percent for the half year, and ongoing working capital improvements is clear evidence that we are executing what we set out to achieve," the firm says. For the first six months of its fiscal year, revenues were $4.09 million compared to $3.88 million for the same period. The firm also says it is planning "significant innovation" in 2009