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Matrixx Initiatives, Inc. Reports Third-Quarter Net Sales Increased 26% to $38.7 Million, Net Income Increased to $4.8 Million, or $0.50 Earnings Per Share
Date:1/26/2009

inc.com/" target="_new">http://www.matrixxinc.com and click on Events & Presentations. A replay of the call will be available at (888) 203-1112 (domestic) or (719) 457-0820 (international), replay number 9403127 for 3 days following the call, and the web cast will be archived on the Company's website, http://www.matrixxinc.com, for 30 days.



                     Third Quarter Fiscal 2008 Consolidated
                        Financial Results (Unaudited)

                        Three months   Three months   Nine months  Nine months
                           ended           ended         ended       ended
                          Dec. 31,        Dec. 31,      Dec. 31,    Dec. 31,
              ($000s)       2008            2007          2008        2007
                        ------------   ------------   -----------  -----------
    Net Sales             $38,702          $30,802      $80,842      $67,951
    Cost of Sales          11,205           11,060       24,778       23,472
                           ------           ------      -------       ------
      Gross Profit         27,497           19,742       56,064       44,479
    Operating
     Expenses              18,870           20,043       36,169       34,131
    Research and
     Development              796              875        2,550        3,323
                           ------           ------      -------       ------
      Income (Loss)
       from Operations      7,831           (1,176)      17,345        7,025
    Total Other Income         48              131          240          523
                           ------           ------      -------       ------
    Net Income (Loss)
     Before Tax             7,879           (1,045)      17,585        7,548
    Income Tax Expense
     (Benefit)              3,128             (410)       6,858        2,836
                           ------
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SOURCE Matrixx Initiatives, Inc.
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