XELR8 Holdings Announces Record First Quart... ( - Management to Host Conferenc...)

XELR8 Holdings Announces Record First Quarter Revenue

Date:5/1/2008

- Management to Host Conference Call Today at 11:30 a.m. ET -

DENVER, May 1 /PRNewswire-FirstCall/ -- XELR8 Holdings, Inc. (Amex: BZI), a provider of liquid nutritional, functional foods, beverages and nutritional supplements, today announced its financial results for three months ended March 31, 2008.

Financial and operational highlights for First Quarter of Fiscal 2008:

-- Revenue increased 138% over prior year period to $1.6 million

-- Gross profit was $1.2 million, an improvement of $0.6 million from one

year ago

-- Cash and cash equivalents were $2.5 million as of March 31, 2008

Total revenue for the first quarter ended March 31, 2008 was $1.6 million, an 82% increase compared to total revenue of $0.9 million for the fiscal year ended March 31, 2007. Gross profit grew to $1.2 million for the three months ended March 31, 2008, up 115% from $0.6 million in the prior year period. Gross margin in the quarter was 77%, an improvement of 12%, from 65% same quarter one year ago, due to increased sales of Bazi, which carries a higher gross margin compared to the legacy products. Net loss for the three months ended March 31, 2008, decreased 43% to $0.75 million, or $(0.05) per share, compared to a loss of $1.4 million, or $(0.13) per share, in the prior year.

The Company's balance sheet continues to remain strong. As of March 31, 2008, cash and cash equivalents were approximately $2.5 million, which includes the proceeds from the $0.5 million financing completed during the quarter. Total shareholders' equity at the three months ended March 31, 2008 was $2.2 million and the Company remains debt free.

Mr. John Pougnet, Chief Executive Officer of XELR8, commented, "I am pleased to report another record revenue quarter. Bazi continues to gain traction in the marketplace and showed major improvements partially due to our successful gathering of distributors in February at our national event as well
'/>"/>

0

GOOD

Page: 1 2 3 4 5 6 7 8
Related medicine news :

1. XELR8 Holdings Announces Fiscal 2007 Financial Results
2. XELR8 Holdings to Announce 2007 Third Quarter Results on Wednesday, October 31, 2007
3. NightHawk Radiology Holdings, Inc. Announces Appointment of David Engert to the Board of Directors
4. InfuSystem Holdings Appoints Two New Board Members
5. Hill-Rom Holdings, Inc. Invites You to Join Its Fiscal 2008 Second Quarter Earnings Webcast
6. Agreement Executed for Amneal Pharmaceuticals to Acquire the Assets of Interpharm Holdings
7. Zimmer Holdings, Inc. Reports First Quarter Financial Results
8. NightHawk Radiology Holdings, Inc. to Host Conference Call to Discuss First Quarter 2008 Earnings Results
9. Lincare Holdings Inc. Announces First Quarter 2008 Financial Results
10. Zimmer Holdings to Present at Morgan Stanley Healthcare Unplugged Conference
11. HMS Holdings Corp. Hosts First Quarter 2008 Financial Teleconference and Presentation

Post Your Comments:

XELR8 Holdings Announces Record First Quart...( - Management to Host Conferenc...),Health