OraLabs Announces 3Q04 ResultsOraLabs Announces 3Q04 Results
December 6, 2004
OraLabs Announces 3Q04 Results
OraLabs HoldingCorp. (NASDAQ:OLAB) announced financial results for its third quarter of fiscal2004 (3Q04).
Revenues for 3Q04 were $2.8 million with a net loss $360,205($0.08 per share), compared to revenues of $2.9 million with a net income of$33,431 (less than $0.01 per share) for the third quarter of fiscal 2003 (3Q03).The company attributed the results to moving expenses, which reduced grossprofit and increased reported loss. However, OraLabs predicted an improvement inearnings, provided it can maintain its levels of sales.
The company is going into its busy season and we arehopeful that our expansion investments will pay off, said Gary Schlatter,chief executive officer.
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