Navigation Links
Lotus Pharmaceuticals, Inc. Announces Fourth Quarter and Fiscal Year 2007 Results
Date:4/17/2008

y of penetrating the direct sales channels into agencies and hospitals and enhancing our production capacity. We also focused on our best selling products, including our hypertension medication VALSARTAN Capsules, and began distributing higher-margin, third-party pharmaceutical products through our existing network,'' said Mr. Zhongyi Liu, Chairman and CEO of Lotus Pharmaceuticals, Inc. ''We will continue to maintain this strategy in the year ahead and plan to explore new markets.''

Fourth Quarter 2007 Results

Lotus Pharmaceutical's total revenue in the fourth quarter was $19.2 million, an increase of 73% on year-over-year basis. This was primarily the result of strong performance associated with the Company's continued efforts to develop its sales distribution channels. Wholesale revenue increased 143% year-over-year to $15.9 million, or 83% of total revenue, and includes the effect of the recording of a $2.2 million sales return allowance in 2006, which reduced 2006 revenues. Other revenue decreased 24% year-over-year to $3.1 million, or 16% of revenue in the fourth quarter of 2007, mainly due to a decrease in third-party manufacturing. Retail revenue was $0.2 million in the fourth quarter of 2007, due to the Company's strategy to sell its traditional Chinese medicines at reduced prices through its retail channel due to quality control concerns.

Gross profit in the fourth quarter of 2007 was $8.3 million, an increase of 234% on year-over-year basis. Gross margin was 43.1%, up from 22.3% in the fourth quarter of 2006, primarily due to production efficiencies as well as the recording of a sales allowance in the fourth quarter of 2006, which decreased revenue by $2.2 million.

Operating expenses in the fourth quarter of 2007 were $4.8 million, up 85% from $2.6 million in the fourth quarter of 2006. This increase was primarily the result of higher selling expenses associated with the Company's sales growth. Research and development expenses
'/>"/>

SOURCE Lotus Pharmaceuticals, Inc.
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14

Related medicine news :

1. Lotus Blossom Consulting Announces E-Book on Infertility Treatment Financing
2. Lotus Pharmaceuticals, Inc. Implements Environmentally-friendly Cost Saving Strategies
3. Lotus Pharmaceuticals Raises $5 Million in Private Placement
4. Lotus Pharmaceuticals, Inc. Announces Conference Call to Discuss Fourth Quarter and Fiscal Year 2007 Results
5. Provectus Pharmaceuticals, Inc. Begins Phase 2 Clinical Trial for Metastatic Melanoma
6. Transcept Pharmaceuticals, Inc. to Present at UBS 2007 Global Life Sciences Conference
7. Crystal Research Associates, LLC Issues Executive Informational Overview(R) (EIO(R)) on Tapestry Pharmaceuticals, Inc.
8. Provectus Pharmaceuticals, Inc. releases summary results of phase 1 metastatic melanoma study
9. Transcept Pharmaceuticals, Inc. to Present at 2007 BIO Investor Forum
10. ACG Announces Major Gift by Salix Pharmaceuticals, Inc.
11. Anthera Pharmaceuticals, Inc. Appoints Donald Santel to Board of Directors
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/30/2014)... (PRWEB) August 30, 2014 Insomnia causes disturbances ... listeners understand how they unknowingly developed insomnia and the steps ... nights during. Tune in to the show at this ... show airs live on August 30, and will be podcasted ... on programming, go to DrCarolFrancisTalkRadio.com. , "Insomnia causes ...
(Date:8/30/2014)... HealthDay Reporter FRIDAY, Aug. 29, 2014 (HealthDay ... broken bones or other orthopedic trauma shops around for additional ... patients and patients who had used narcotic painkillers previously were ... lead author Dr. Brent Morris, a shoulder and neck surgeon ... doctors aren,t talking to one another about the painkiller needs ...
(Date:8/30/2014)... 2014 Hastings and Hastings, a qualified ... throughout Arizona is pleased to report having saved a ... example among many cases where Hastings and Hastings has ... retain a greater portion of their settlement or recovery. ... a positive solution for Arizona car accident victims is ...
(Date:8/30/2014)... a plant-based medication commonly used to treat gout, ... in reducing potential complications from this type of ... gastrointestinal adverse effects, according to a study published ... released early online to coincide with its presentation ... Common complications after cardiac surgery include postpericardiotomy syndrome ...
(Date:8/30/2014)... PA (PRWEB) August 30, 2014 "My ... sleep knowing that, at any moment, her fever might ... order to keep me well aware of how she ... developed the TEMP ALARM to continuously monitor a child's ... develops a fever. This ensures that prompt medical care ...
Breaking Medicine News(10 mins):Health News:Sleepless Nights, Exhausting Days, Mental Fog – Relief for Insomnia With Clinical Psychologist Dr. Carol Francis 2Health News:'Doctor-Shopping' for Painkillers Common After Broken-Bone Surgery, Study Finds 2Health News:'Doctor-Shopping' for Painkillers Common After Broken-Bone Surgery, Study Finds 3Health News:Hastings and Hastings Is Pleased To Report Having Saved A Client $67,100 On A Settlement Of $610,000 2Health News:Medication shows mixed results in reducing complications from cardiac surgery 2
... Earnings Per Share of $0.032008 Nexavar Net Sales of $678 ... Onyx Pharmaceuticals, Inc. (Nasdaq: ONXX ) today ... quarter 2008. For the full year, Onyx recorded net ... with a net loss of $34.2 million, or $0.67 per ...
... (OTC Bulletin Board: EFSF) an emerging healthcare consumer products ... nutraceutical products, today announced that Martin Schmieg, current President ... CEO of eFoodSafety.com, has purchased stock in the open ... shares in the open market on February 23, 2009, ...
... VERNON, Wash., and LINCOLN, Neb., Feb. 23 ... leader in risk and disease analytic software designed ... oral disease, today announced a cooperation agreement with ... provider of dental practice management software running on ...
... , Inc. announced today that,Daniel P. Amos, Chairman and ... of $2.8 million that he earned based on achievement ... proposal,recognizing that, although Aflac delivered a strong operating performance ... price given the current,turbulence in the stock markets. , ...
... intake of calcium appear to have a lower risk of ... intakes have lower risks of colorectal cancer and other cancers ... February 23 issue of Archives of Internal Medicine , ... known to benefit bone health, according to background information in ...
... PARK, N.C., Feb. 23 The Clearinghouse on Male ... was launched today. The Web site is designed to ... male circumcision in HIV prevention. The Clearinghouse was initiated ... Nations Programme on HIV/AIDS (UNAIDS), the AIDS Vaccine Advocacy ...
Cached Medicine News:Health News:Update: Onyx Pharmaceuticals Reports Record Full Year and Fourth Quarter 2008 Financial Results 2Health News:Update: Onyx Pharmaceuticals Reports Record Full Year and Fourth Quarter 2008 Financial Results 3Health News:Update: Onyx Pharmaceuticals Reports Record Full Year and Fourth Quarter 2008 Financial Results 4Health News:Update: Onyx Pharmaceuticals Reports Record Full Year and Fourth Quarter 2008 Financial Results 5Health News:Update: Onyx Pharmaceuticals Reports Record Full Year and Fourth Quarter 2008 Financial Results 6Health News:Update: Onyx Pharmaceuticals Reports Record Full Year and Fourth Quarter 2008 Financial Results 7Health News:Update: Onyx Pharmaceuticals Reports Record Full Year and Fourth Quarter 2008 Financial Results 8Health News:Update: Onyx Pharmaceuticals Reports Record Full Year and Fourth Quarter 2008 Financial Results 9Health News:Update: Onyx Pharmaceuticals Reports Record Full Year and Fourth Quarter 2008 Financial Results 10Health News:eFoodSafety.com Announces Open Market Stock Purchase by Management 2Health News:PreViser Corporation and MacPractice Announce Cooperation Agreement 2Health News:Aflac Chairman & CEO Will Forgo 2008 Bonus of $2.8 Million 2Health News:Calcium associated with lower risk of cancer in women 2Health News:Clearinghouse on Male Circumcision for HIV Prevention Web Site Launched 2Health News:Clearinghouse on Male Circumcision for HIV Prevention Web Site Launched 3Health News:Clearinghouse on Male Circumcision for HIV Prevention Web Site Launched 4Health News:Clearinghouse on Male Circumcision for HIV Prevention Web Site Launched 5
(Date:8/29/2014)... 29, 2014 Does your doctor know what you,re ... have recommended marijuana to the over 112,000 currently registered patients ... majority of the other roughly 20,300+ active physicians listed with ... about it – even though a poll in February 2014 ... they have tried it. "With marijuana legalization ...
(Date:8/29/2014)... 2014 Diseases largely eradicated in ... returning. Measles was declared eliminated in 2000, yet the ... August 15—the highest incidence in 20 years. In July, ... whooping cough a problem of "epidemic proportions." ... dying from these preventable diseases—in part because some parents ...
(Date:8/29/2014)... Calif. , Aug. 29, 2014  Abaxis, Inc. ... manufacturing point-of-care blood instrumentation and consumables to the medical, ... Severson , Chairman and Chief Executive Officer, will present ... Ideas Conference 2014 on Tuesday, September 9, 2014 at ... the Omni Berkshire Place Hotel in New ...
Breaking Medicine Technology:Medical Rules Marijuana Sales in Colorado But Most Doctors Still in the Dark 2Medical Rules Marijuana Sales in Colorado But Most Doctors Still in the Dark 3Medical Rules Marijuana Sales in Colorado But Most Doctors Still in the Dark 4Vaccines at the Crossroads: Outbreaks On the Rise Across America 2Vaccines at the Crossroads: Outbreaks On the Rise Across America 3Abaxis, Inc. to Present at CL King's 12th Annual Best Ideas Conference 2014 2
... RICHMOND, Virginia and ROSH HA,AYIN, Israel, December 22 ... wound management, announced today that it successfully completed its,latest round ... by Eli Gilboa,CPA, of Gilboa & Licht, who serves as ... To date, the company has raised a total,US$10 million. Proceeds ...
... , , SUNNYVALE, Calif., Dec. 22 Arrayit Corporation ... leader, today announced that the Company has made a technological ... its proprietary microarrays, which are tiny glass substrates that contain ... and molecular diagnostics. The advance allows highly precise printing of ...
Cached Medicine Technology:EnzySurge, Maker of DermaStream(R) Secures US$2.5 Million in Private Capital 2Arrayit Corporation Announces Manufacturing Breakthrough 2Arrayit Corporation Announces Manufacturing Breakthrough 3
The Surgifresh mini has the same rugged construction as the Plume-inator. It is the ideal size for operating room, clinic and office settings. This unit includes a filter test button, hospital grade ...
... ESU devices. Suitable for use in Dr.'s ... ,The FreshAire filter technology is ... performance, offering the clinician unparalleled plume capture ... ,Quiet, compact, economical. The VersaVac2® is the ...
... Smoke Evacuation System provides a more intelligent ... surgical plume. This next generation smoke ... feedback with numerous user requested features and ... flow control can be adjusted to ten ...
... VitalVac's advanced technology makes ... to evacuate surgical plume. ... O.R. environment is "smoke-free", ... staff safe from potentially ...
Medicine Products: