Female Health Reports Third Quarter Gains.(Brief Article)

2001 OCT 4 - (NewsRx.com & NewsRx.net) --

The Female Health Company (FHCO) reported revenues of $2,296,590 and net income of $11,756 for the three months ending June 30, 2001 compared with revenues of $1,377,932 and a net loss of $865,702 for the three months ended June 30, 2000.

Net revenues increased $919,658 for the current quarter or 67%, compared with the same period last fiscal year. The increase comes on the heels of the 21% revenue increase experienced during the first six months of fiscal 2001. The higher sales volume for the third quarter was attributable to a substantial increase in shipments to both global and domestic customers.

The results were consistent with the expectations for the quarter. The company expects significant quarter-to-quarter variation due to the timing of receipt of large orders, subsequent production scheduling, and shipping of products.

Gross profit increased $501,382, or 319%, to $658,545 from $157,163 for the same period in the prior year. The dramatic gain in gross profit is attributable to improved sales and a less than proportionate increase in cost of goods sold. Cost of goods sold increased 34% on a 67% increase in sales. Cost of goods sold as a percentage of sales was 71% compared with 89% for the same period last year. As sale units increase, those manufacturing costs that are fixed in nature do not require additional costs to be incurred enabling ...