First Quarter Highlights:
- 37% Revenue Increase
- 85% Gross Profit Increase
- $1,040,892 "Bottom line" improvement over Prior Year
CHICAGO, Feb. 13 /PRNewswire-FirstCall/ -- The Female Health Company (Amex: FHC), which manufactures and markets the FC and FC2 Female Condoms(R), today reported its operating results for the first quarter of FY2008.
For the three months ended December 31, 2007, the Company's net revenues increased 37% to approximately $5.7 million, compared with approximately $4.2 million in the three months ended December 31, 2006. The Company's net income attributable to common shareholders increased to a record $813,968, or $0.03 per diluted share, during the first quarter of FY2008, compared with a net loss of ($226,924), or ($0.01) per share, in the corresponding period of the previous fiscal year.
Gross profit increased 85% to $2.4 million (41.3% of revenue) in the most recent quarter, compared with $1.3 million (30.4% of revenue) in the first quarter of FY2007. Operating income improved to $729,645 in the three months ended December 31, 2007, compared with an operating loss of ($218,406) in the quarter ended December 31, 2006.
The Company expects significant quarter-to-quarter variations in its operating results, due to the timing of large order receipts, production scheduling, and shipping of products.
"We are very pleased to report strong revenue growth, a record number
of female condoms sold and the highest quarterly profit in the Company's
history for the three months ended December 31, 2007," noted O.B. Parrish,
Chief Executive Officer of The Female Health Company. "The 37% revenue
|SOURCE The Female Health Company|
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