Navigation Links
GeneLink Reports 2010 Results
Date:4/4/2011

ORLANDO, Fla., April 4, 2011 /PRNewswire/ -- GeneLink, Inc. (OTCBB: GNLK, "the Company," or "GeneLink"), a leading consumer genomics biotech company, today reported financial results for the fiscal year ended December 31, 2010.

Financial Highlights:

  • Gross margin increased from $4,906,710 in 2009 to $4,997,367 in 2010;
  • Annual net sales decreased 8.4%, $7,839,972 for 2010 as compared to $8,561,455 in 2009;
  • Operating losses in 2010 decreased to $2,169,898, a decrease of $292,329 from operating losses of 2009.  Excluding non-cash charges relating to the granting of stock, options and warrants, operating losses decreased $589,078 for 2010 as compared to 2009.

Dr. Bernard Kasten, GeneLink's Chairman and CEO stated, "The steps we took to improve our profit margins beginning in late 2009 and throughout 2010 have begun to show results.  Despite a decrease in revenue, gross margin improved $90,657 from $4,906,710 in 2009 to $4,997,367 in 2010. As a percent-of-revenue, the gross margins increased from 57% in 2009 to 64% in 2010.  This was largely due to improved pricing instituted late in 2009, as well as management's efforts to better control costs related to production.  These enhanced fundamentals bode well for the future financial success of GeneLink, as the Company expects to return to growth in the second half of 2011 through channel partner expansion as well as through growth in GeneWize."

Dr. Kasten added: "2010 was an important year from GeneLink.  We have put in place a large portion of the infrastructure necessary to expand our revenue base. The year-end agreement with Robert Trussell, founder of Tempur-pedic, Inc., to market GeneLink's proprietary products through his experienced direct response team is expected to commence producing revenue in the second half of 2011. GeneLink is now focused on our strengths in support of our chann
'/>"/>

SOURCE GeneLink, Inc.
Copyright©2010 PR Newswire.
All rights reserved

Page: 1 2

Related biology technology :

1. David L. Macdonald Appointed CEO of GeneLink BioSciences, Inc.
2. GeneLink Reports First Quarter Gains
3. GeneLink Announces HelixLife Private Label Distribution Agreement
4. GeneLink BioSciences, Inc. Ranked 62nd Fastest Growing Company in North America on Deloittes 2010 Technology Fast 500™
5. GeneLink Reports Third Quarter Results
6. GeneLink Announces New Licensing Partner
7. SCOLR Pharma, Inc. Reports Second Quarter 2008 Financial Results
8. AutoImmune Inc. Reports 2008 Second Quarter Financial Results
9. Par Pharmaceutical Reports Second Quarter 2008 Results
10. ISTA Pharmaceuticals Reports Second Quarter 2008 Financial Results
11. Pharmos Corporation Reports 2008 Second Quarter Results
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/27/2014)... Green & Grow Inc. (GGI) has raised an ... Otter Capital as a significant new partner. Otter Capital’s ... Agriplier™ technology, building on recent compelling field trial results ... meeting, we have been impressed with Otter Capital’s knowledge ... Sobba, President and CEO of GGI. “We look forward ...
(Date:8/27/2014)... , Aug. 27, 2014 Rhythm, a ... and genetic deficiencies that result in metabolic disorders, announced ... Form S-1 with the U.S. Securities and Exchange Commission ... shares of its common stock. The number of shares ... offering have not yet been determined. Citigroup ...
(Date:8/27/2014)... 27, 2014 In 2013, ... Lawrence Livermore National Security LLC (LLNS), was ... deliver a state-of-the-art laser system for the European ... under construction in the Czech Republic. , When ... system, called the " High repetition-rate Advanced Petawatt ...
(Date:8/27/2014)... , Aug. 27, 2014 ... report is available in its catalogue: ... http://www.reportlinker.com/p02316661/Global-Biodegradable-Packaging-Materials-Market-2014-2018.html ... are materials that are readily decomposed by ... from conventional non-degradable packaging in terms of ...
Breaking Biology Technology:Green & Grow Inc. Secures $6M Series B Funding from Otter Capital 2Green & Grow Inc. Secures $6M Series B Funding from Otter Capital 3Rhythm Files Registration Statement for Proposed Initial Public Offering 2LLNL Synchs up with ELI Beamlines on Timing System 2LLNL Synchs up with ELI Beamlines on Timing System 3Global Biodegradable Packaging Materials Market 2014-2018 2Global Biodegradable Packaging Materials Market 2014-2018 3Global Biodegradable Packaging Materials Market 2014-2018 4Global Biodegradable Packaging Materials Market 2014-2018 5Global Biodegradable Packaging Materials Market 2014-2018 6Global Biodegradable Packaging Materials Market 2014-2018 7
... Gov. Jim Doyle has announced that Berbee ... Fitchburg Technology Campus, will receive $250,000 in state Technology Zone ... in a new 43,250-square-foot office building and a 51,500-square-foot data ... the Fitchburg Technology Campus. , ,The project is expected ...
... Madison company that is developing drugs to protect cancer ... has closed on a Series A Preferred Stock financing ... , ProCertus BioPharm , an oncology-based pharmaceutical company, will ... patients to demonstrate proof-of-concept in humans for its chemo- ...
... a patient presents to a doctor, many assessments have to ... of what is unglamorously called managing the patient. , ,During ... would have us believe, one of the most important judgment ... or not. This is not in the sense that ...
Cached Biology Technology:ProCertus BioPharm secures $2.3M in financing 2ProCertus BioPharm secures $2.3M in financing 3Barriers will not stop convergence of medical technologies 2Barriers will not stop convergence of medical technologies 3Barriers will not stop convergence of medical technologies 4Barriers will not stop convergence of medical technologies 5Barriers will not stop convergence of medical technologies 6Barriers will not stop convergence of medical technologies 7
(Date:8/27/2014)... a single fungal cell or bacterial colony exerts on a ... heavy role in setting up some of the most fundamental ... too much of a stretch to say that plants may ... to the touch of beneficial fungi, according to a new ... the University of Wisconsin-Madison. , "Many people have studied ...
(Date:8/27/2014)... Calif. , Aug. 27, 2014  WaferGen Bio-systems, ... its previously announced underwritten public offering of units of ... per unit for gross proceeds of $20 million, prior ... payable by the Company.  The shares and warrants are ... Each unit sold in the offering consists of ...
(Date:8/27/2014)... short-faced bears, giant ground sloths, saber-toothed cats and American ... ago at the end of the Pleistocene period. The ... by scientists who, until recently, could only speculate as ... Santa Barbara,s James Kennett, professor emeritus in the Department ... Earth played a major role in the extinction. Their ...
Breaking Biology News(10 mins):A touching story: The ancient conversation between plants, fungi and bacteria 2A touching story: The ancient conversation between plants, fungi and bacteria 3WaferGen Bio-Systems Announces Successful Completion of Public Offering Raising $20 Million 2WaferGen Bio-Systems Announces Successful Completion of Public Offering Raising $20 Million 3Nanodiamonds are forever 2Nanodiamonds are forever 3
... of questions, but sometimes traditional techniques are superior. Authorities ... when they relied upon statistical data to monitor moose ... indigenous group of people living in the James Bay ... have lived in harmony with their environment. They hunt ...
... southern limit of permanently frozen ground, or permafrost, is now ... in the James Bay region, according to two researchers from ... issue of the scientific journal Permafrost and Periglacial Processes ... trend continues, permafrost in the region will completely disappear in ...
... This release is available in Spanish . ... reliably mark termites and other insects over vast acreage so ... the previous methodand more affordable. That,s according to ... agency,s U.S. Arid-Land Agricultural Research Center in Maricopa, Ariz., and ...
Cached Biology News:Listen to the natives for better moose monitoring 2Permafrost line recedes 130 km in 50 years 2New assay helps track termites and other insects 2
Incomplete Adjuvant...
2,4-Dinitrophenyl hapten is conjugated to Human Serum Albumin (HSA) protein through lysine....
PGF1α-d4 contains 4 deuterium atoms at the 3, 3', 4, and 4' positions. It is intended for use as an internal standard for the quantification of PGF1α by GC- or LC-mass spectrometry....
PGD2-d4 contains 4 deuterium atoms at the 3, 3', 4, and 4' positions. It is intended for use as an internal standard for the quantification of PGD2 by GC- or LC-mass spectrometry....
Biology Products: