Stock News
Published: Sunday, November 01, 1998
AMBI Inc. (AMBI) said revenues for FY98 ended June 30 were $20.8 million, up 84% from $11.3 million in FY97. Net income was $1.1 million or a $.04/share loss, compared to an FY97 net loss of $6.8 million or $.38/share diluted. Revenues for 4Q98 were $6.4 million as compared to $900,000 in 4Q97.
Nature’s Sunshine Products (NATR) said 3Q98 sales were a record $73.5 million compared to $71.6 million in 3Q97, an increase of 3%. Net income increased 12% to $6.1 million or $.33/share from $5.4 million or $.29/share last year. NATR will buy back 500,000 shares of its common stock, a repurchase authorized in January.
Boiron SA, a French maker of homeopathic medicines, said its first-half profit rose 19% and predicted it would post record earnings of Fr90 million this year. Profit rose to Fr3 million, or about $5.8 million, from Fr27.7 million a year earlier. Foreign sales, especially to the U.S., Poland and Italy, rose 18.5% last year.
Organic Food Products Inc. (OFPI) received a commitment from Finova Capital Corp. (FNV) of Phoenix for a $3.5 million credit facility. The company recorded a loss of $4.62 million or $.69/share on record revenues of $12.3 million for FY98 ended June 30. Revenues grew 8% from $11.38 million in FY97, while earnings fell from the prior year’s $55,000 profit. Loss from operations was $878,000 or $.13/share before one-time charges of $3.5 million.
Chattem Inc. (CHTT) announced record 3Q98 results. Net sales increased 74% to $67.6 million from $38.91 million in 3Q97, while net income increased 56% to $4.44 million or $.45/share from $2.85 million or $.31/share in 3Q97.
Rexall Sundown Inc. (RXSD) earned $20.62 million or $.28/share in its 4Q98, compared to $11.38 million or $.16/share in 4Q97. Sales increased to $153.55 million from $88.58 million. For the year, Rexall earned $69.23 million or $.94/share on $530.74 million in sales, up from $37.18 million or $.53/share on $290.62 million in FY97 sales. RXSD authorized a $100 million share repurchase program.
Opta Food Ingredients Inc. (OPTS) said 3Q98 revenue increased 87% to a record $4.1 million from $2.2 million in 3Q97. Net loss was $488,000 or $.04/share compared with a $971,000 or $.09/share loss for 3Q97.
NBTY Inc. (NBTY) increased sales 27% to $148 million in its 4Q98 ended Sept. 30, up from $117 million in 4Q97. Sales for FY98 increased 61% to $573 million from $356 million in FY97.
Gardenburger Inc. (GBUR) said it increased sales 103% to a record $32.6 million in its 3Q98 ended Sept. 30, from $16.07 million in 3Q97. Net income was $182,000 or $.02/share, up from a loss of $644,000 or $.07/share in 3Q97.
Paracelsian Inc. (PRLN) began trading on the Nasdaq OTC Bulletin Board system after de-listing from the Nasdaq Small-cap system.
Pure World Inc. (PURW) said revenue for its 3Q98 was $6.59 million with net income of $1.53 million or $.18/share diluted, compared to revenue of $3.61 million and net income of $912,000 or $.11/share diluted for 3Q97. PURW voted to repurchase up to 300,000 shares of its common stock.
Galaxy Foods Co. (GALX) announced preliminary results for its 2Q98. Record net income of $447,502 compares to $125,392 a year earlier. Net sales were $7.6 million as compared to $5 million a year ago. Gross margins were 31.1%, up from 24.9% a year earlier.
Monterey Pasta Co. (PSTA) said revenues in its 3Q98 increased 29% to $6.71 million, compared to $5.2 million for 3Q97. Net income increased 107% to $569,000 compared to $275,000 for 3Q97 before dividends of $101,000. Diluted EPS increased to $.05/share compared to $.02/share for 3Q97.
Carrington Laboratories Inc. (CARN) said revenues for its 3Q98 were $6 million compared to $6.2 million a year earlier. Net income was $101,000 or $.01/share, compared to a net income of $463,000 or $.05/share in 3Q97.
PDK Labs Inc. (PDKL) achieved $16.41 million in sales in its 3Q98, compared to $13.58 million a year earlier. Net income was $393,595 or $.10/share, up from $326,025 or .10/share in 3Q97.
Imperial Ginseng Products Ltd. (IGPFF) lost Canadian $3.7 million or C$2.31/share on C$10.8 million in revenue in FY98 ended June 30. Last year it lost C$9.4 million or C$6.34/share on C$5.3 million in sales.
Cyanotech Corp. (CYAN) reported net sales of $1.53 million and a net loss of $442,000 or $.04/share for its 2Q99. This compares to 2Q98 sales of $2.05 million and a net loss of $54,000 or $.01/share. Revenues were lower due to reduced bulk Spirulina Pacifica sales in international markets, while anticipated sales of NatuRose were delayed due to cancellation of a sales agreement with a Japanese distributor.
Fresh Juice Co. Inc. (FRSH) lost $158,000 or $.02/share on $9.14 million in 3Q98 revenues, compared to a $257,000 or $.04/share profit on $10.66 million in revenue in 3Q97.
The CNS Inc. (CNXS) board authorized the company to repurchase an additional 1.5 million shares. A 750,000 share buyback announced last April has been completed.
A group including White Rock Capital Partners L.P. lifted its stake in Hain Food Group Inc. (HAIN) to 20.49%. The group now holds 2.75 million common shares.
Balance Bar Co. (BBAR) recorded record operating results in its 3Q98. Sales increased 112% to $21.5 million from $10.1 million a year earlier. Net income was $1.4 million or $.11/share diluted, compared with a loss of $189,000 or $.02/share diluted in 3Q97.
Usana Inc. (USNA) earned $2.53 million or $.18/share diluted on $32.12 million in 3Q98 sales. In 3Q97 the company earned $1.86 million or $.14/share diluted on $22.87 million in sales.
Worthington Foods Inc. (WFDS) said net sales increased 21% to $34.84 million for its 3Q98 vs. $28.81 million a year ago. Net income was $2.32 million or $.19/share diluted, compared with $2.36 million or $.19/share diluted in 3Q97.
Ben & Jerry’s Homemade Inc. (BJICA) said net income rose 16% to about $2.9 million or $.39/share diluted in its 3Q98, from about $2.5 million or $.34/share a year ago. Consolidated sales increased 29% to a record $64.6 million from $50 million in 3Q97.
Twinlab Corp. (TWLB) said 3Q98 sales increased 70% to $90.6 million from 3Q97 sales of $53.3 million. Net income for 3Q98 was $8.2 million vs. net income of about $5 million in 3Q97. Pro forma basic and diluted earnings per share before an extraordinary item and margin costs rose to $.34, up 100% from 3Q97 EPS of $.17. TWLB said its acquisition of PR* Nutrition Inc. of San Diego is being accounted for as a pooling of interests.