Nutrition 21 loss widens
-
- May
- 8
Nutrition 21 Inc., the Purchase-based company that markets nutritional supplements, lost $8.2 million during the quarter that ended in March, compared with a loss of $2.2 million a year earlier.
On a per-share basis, the company lost 13 cents during this year’s quarter, the third quarter of its fiscal 2008. A year earlier, the loss was 4 cents a share.
This year’s results included $3.2 million in one-time expenses, including a provision for obsolete inventory, a provision for possible legal settlements and costs associated with the resignation of former chief executive Paul Intlekofer, the company said this morning.
Revenues dropped to $10.8 million, from $15.8 million. Revenues in last year’s quarter included a large one-time sale of Selenomax High Selenium Yeast. Without that sale, revenues would have been $13.2 million.
This entry was posted
on Thursday, May 8th, 2008 at 7:40 am by Allan Drury.
You can follow any responses to this entry through the RSS 2.0 feed.
Share and Enjoy: 
| 
Print
| 
Email
