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Nutrition 21 Announces Financial Results for Q3 Fiscal 2009
Date:5/12/2009

Fourth Consecutive Positive EBITDA Quarter in Q3 2009

PURCHASE, N.Y., May 12 /PRNewswire-FirstCall/ -- Nutrition 21, Inc. (Nasdaq: NXXI), the developer and marketer of nutritional supplements under the Iceland Health(R), Chromax(R) and Diabetes Essentials(R) brands that help consumers manage blood sugar levels, improve cardiovascular health, enhance memory and reduce chronic joint pain, today announced financial results for the third quarter and the first nine months of fiscal year 2009 ended March 31, 2009.

For the quarter the Company reported total revenues of $8.6 million compared to $10.8 million in the comparable quarter last year. Net loss for the quarter was $0.4 million, or $(0.01) per fully diluted share, compared to a net loss in the comparable quarter last year of $8.2 million, or $(0.13) per fully diluted share. The reduction in net loss is largely due to a decrease in operating expenses as the Company continues to calibrate its spending to achieve the most effective mix of marketing spend and economic efficiencies.

For the nine-month period ended March 31, 2009, total revenues were $34.2 million compared to $36.0 million in the comparable nine-month period of fiscal year 2008. Net loss for the nine-month period was $88,000, or $0.00 per fully diluted share, compared to a net loss in the comparable period last year of $16.0 million, or $(0.26) per fully diluted share. The reduction in the net loss was a direct result of lower operating expenses.

Michael A. Zeher, president and chief executive officer of Nutrition 21, commented, "While revenues were lower than the comparable quarter last year, primarily due to the turbulent economic conditions, our bottom-line results continue to show dramatic improvement. General and administrative expenses were reduced by more than 50 percent; adver
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SOURCE Nutrition 21, Inc.
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