SNDY NEWS Solos Endoscopy Reduces Inventory Cost and Improves Gross Profit Margin for Second Quarter 2012
PR Newswire
BOSTON, June13, 2012
BOSTON, June13, 2012 /PRNewswire/ -- Solos Endoscopy, Inc. (OTCPK: SNDY) is pleased to announce that the Company has been able to successfully reduce its inventory costs for the 2nd Quarter which has resulted in an increased profit margin for its endoscopic instruments.
Solos Endoscopy's inventory sales for the month of April 2012 was $29,622.00 which is similar to the prior year, however, the Company was able to reduce its Cost of Goods Sold to just $6,430.54. This reduction of costs gives Solos Endoscopy a Gross Profit Margin of 78% an increase from 68% from the year prior, a trend that management expects to continue.
