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SAN JOSE, Calif., March 31, 2008 /PRNewswire-FirstCall/ -- Human Pheromone Sciences, Inc. (OTC Bulletin Board: EROX) ("HPS" or "the Company") today announced results for the three months and the year ended December 31, 2007. For the three months ended December 31, 2007, net revenue was $389,000, representing a 6% decrease from revenues of $412,000 in the prior year period, and resulted in net income of $38,000 ($.01 per share) as compared with a net income of $66,000 ($.02 per share) for the same period of 2006. For the full year, net revenues of $1,291,000, were 5% higher than revenues of $1,227,000 generated in the prior year. The net loss in the current year of $16,000 ($.00 per share) was a reduction from the $111,000 loss ($.03 per share) recorded for the full year of 2006.
"In the third and fourth quarters of 2006, we had very large orders from our largest purchaser of pheromones that were not replicated in the current year quarters. As such, for the full year, revenue from pheromone sales were $207,000 (24%) lower than in 2007, while revenues attributable to licensing activities rose by $344,000 (188%) from the prior year. The growth in total revenues in the current year is attributable to the licensing activities. Lower operating expenses, coupled with the revenue growth, gave rise to the improved bottom line in the current year," a spokesperson indicated.
"These cyclical pheromone purchases are unpredictable and, as such, we
developed a set of strategic imperatives to grow our licensing revenues, to
formulate a program to maximize revenues from our proprietary Natural
Attractions(R) brand and to complete human testing on additional novel
compounds that can contribute to the expansion of our business through the
scientific validation of additional technologies that will enhance the
value of our Company," a spokesman noted. "While we are not pleased by the
financial results for the current year fourth quarter as compared with the
prior ye
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| SOURCE Human Pheromone Sciences, Inc. Copyright©2008 PR Newswire. All rights reserved |
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