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The Female Health Company Reports Second Quarter Operating Results
Date:5/1/2012

March 31, 2012, unit sales increased 94% over the first six months of FY2011. Net revenues increased 107% to $16.5 million, compared with $7.9 million in the six months ended March 31, 2011. 

Cost of sales increased 67% to $6.9 million in the first half of FY2012, compared with $4.1 million in the corresponding prior-year period, due to higher units sold. In the six months ended March, 31, 2012, gross profit increased 150% to $9.6 million, or 58% of net revenues, compared with $3.8 million, or 48% of net revenues, in the first six months of FY2011.

Operating expenses for the six months ended March 31, 2012 increased 41% to $4.6 million when compared with operating expenses of $3.3 million in the six months ended March 31, 2011. The increase was primarily due to the accrual for fiscal year-end incentive payments related to the expected achievement of unit sales and operating income performance goals, as well as increased wages and benefits, higher stock compensation costs and greater legal and consulting fees. Because the likelihood of the Company's FY2011 performance targets being met was uncertain at March 31, 2011, the bonus accrual for the six months ended March 31, 2011 was minimal.

Operating income increased 824% to $4.9 million in the six months ended March 31, 2012, compared with $0.5 million in the prior-year period. The increase resulted from significantly increased gross profit generated from higher unit sales, somewhat offset by higher operating expenses.

The Company reported net income of $4.6 million, or $0.16 per diluted share, in the first six months of FY2012, for an increase of 876% when compared with net income of $0.5 million, or $0.02 per diluted share, in the first six months of FY2011. The Company recorded a currency loss of $0.08 million in the six months ended March 31, 2012 and a currency loss of $0.06 million in the six months ended March 31, 2011.

During the first six months of FY2012 the Company ge
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SOURCE The Female Health Company
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Related medicine technology :

1. Nouveau Life Pharmaceuticals (HRID) Contracts with U.S. Manufacturer to Produce New Female Supplement
2. Palatin Technologies Completes Enrollment in Phase 2B Bremelanotide Female Sexual Dysfunction Trial
3. The Female Health Companys Distributor, Sekunjalo Investments Corporation (PTY) Ltd., Receives Order for 5 Million FC2 Female Condoms From the Republic of South Africa Department of Health
4. The Female Health Company to Host Third Quarter Conference Call on Friday, August 5, 2011
5. Palatin Technologies, Inc. Initiates Enrollment in Phase 2b Trial With Bremelanotide in Women With Female Sexual Dysfunction
6. The Female Health Companys Brazilian Distributor, Semina, Awarded Contract For Up To 20 Million FC2 Female Condoms
7. The Female Health Company Declares 2nd Quarter Dividend of $0.05/share
8. The Me-Covery: Saatchi & Saatchi Wellness and Time Inc.s Health Brand Reveal Historic Shift in Female Consumer Behavior
9. Co-Promotion of a New Medical Device for Female Infertility Announced
10. The Female Health Company Receives Order for 3.5 Million FC2 Female Condoms for Distribution at 2010 World Cup
11. Second-Generation Female Condom is Now Available in the United States; FC2 Female Condom Will Cost 30 Percent Less than Predecessor
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