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Drug developer of upper respiratory therapies reports third quarter financials.
2004 DEC 1 - (NewsRx.com & NewsRx.net) -- SinoFresh HealthCare, Inc. (SFSH), producer of an over-the-counter antiseptic nasal spray to treat chronic sinus conditions, announced financial results for the third quarter ended September 30, 2004.
Revenue in the third quarter 2004 was $1,170,425 up from $426,163 in the third quarter 2003. Gross profit for the third quarter was $844,774 up from $247,439 for the same period in 2003. Revenue increased $2,570,969 to $3,285,857 from $777,888 for the 9 months ended September 30, 2004 and 2003, respectively.
Gross profit increased $1,963,475 to $2,469,847 from $506,372 for the 9 months ended September 30, 2004 and 2003, respectively. The increases are attributed to expanded distribution of its flagship product, SinoFresh Nasal & Sinus Care. The company estimates the product is on the shelf in 20,000 retail locations nationwide, including select Wal-Mart stores.
Total operating expenses for the third quarter 2004 were $784,257 down from $1,077,116 in ...
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Source: HighBeam Research, Drug developer of upper respiratory therapies reports third quarter...