Chester: Earnings( or lack there of ) Report you were asking about.
Revenues, Income, EPS, Assets are all down
Opta Food Ingredients, Inc.
Statement of Operations
(in thousands, except per share amounts)
For the three months ended
March 31,
1997 1996
Revenue:
Product sales $2,033 $2,470
License and contract research fees --- 31
2,033 2,501
Cost and expenses:
Cost of product sales and contract research 1,567 2,070
Selling, general and administrative 1,028 955
Research and development 994 930
3,589 3,955
Loss from operations (1,556) (1,454)
Other income (expense):
Interest income 480 582
Interest expense (115) (158)
Other expense --- (19)
Net loss ($1,191) ($1,049)
Net loss per share ($0.11) ($0.10)
Weighted average shares outstanding 10,977 10,764
SOURCE Opta Food Ingredients, Inc.
CONTACT: Lewis C. Paine, III, President and CEO of Opta Food
Ingredients, Inc., 617-276-5100 |
