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Lifeway Foods Reports Record 3rd Quarter 2009 Revenues and Earnings Results
Date:11/19/2009

$15,433,876 $11,240,282 $43,649,383 $33,885,912 Cost of goods sold 8,892,088 7,505,794 24,994,778 22,403,574 Depreciation expense 288,613 197,366 859,044 581,920 ------- ------- ------- ------- Total cost of goods sold 9,180,701 7,703,160 25,853,822 22,985,494 --------- --------- ---------- ---------- Gross profit 6,253,175 3,537,122 17,795,561 10,900,418 Selling Expenses 1,231,216 957,978 3,176,162 3,171,269 General and Administrative 1,613,828 1,032,043 5,173,724 3,109,506 Amortization expense 168,699 79,862 508,086 239,585 ------- ------ ------- ------- Total Operating Expenses 3,013,743 2,069,883 8,857,972 6,520,360 Income from operations 3,239,432 1,467,239 8,937,589 4,380,058 Other income (expense): Interest and dividend income 34,180 95,042 144,899 261,037 Rental Income 12,047 13,647 33,340 36,940 Interest expense ( 99,864) (71,928) (364,337) (226,851) Impairment of marketable securities --- (270,908) --- (270,908) Loss on Disposition of Equipment --- --- (2,825) Gain (loss) on sale of marketable securities, net (178,143) (110,259) (274,296) (146,404) -------- -------- -------- -------- Total other income (Expense) (231,780) (344,406) (463,219) (346,186) -------- -------- -------- -------- Income before provision for income taxes 3,007,652
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SOURCE Lifeway Foods, Inc.
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