CMFO reported yesterday, nice balance sheet, Cash = $31,298,084, while TOTAL Liabilities = $6,771,288
Q3 revenues increased by 16.5% to $13.4 million YOY; seafood-based snack foods represent for 90.3% of revenues. Gross margins increased 110 basis points to 32.0%.
Q3 Net income increased by 24.5% to $3.2 million compared to Q308; EPS was $0.14 vs. $0.11 in Q308.
For the 9-months ended September 30, 2009 revenues increased 26.5% to $44.7 million and net income increased 18.4% YOY to $10.2 million. EPS was $0.44 vs. $0.37.
Sales to new distribution territories increased 214.7% during the first nine months of 2009 vs. the same period in 2008.
Company completes second phase of capacity expansion to 20,000 tons per annum, a 100% increase in capacity leading into the 2010 fiscal year.
saving nickels saving dimes
working till the sun don't shine
looking forward to happier times
1963, Roy Orbison - On Blue Bayou
