The problem with you Moron, is that you assume that the
people reading this thread can't read a simple income
statement.
Here is the hype:
biz.yahoo.com
Here is the reality:
---------------------
Certain information is set forth below for our Zicam
operations expressed in dollars and as a percentage of net
sales for the periods indicated:
THREE MONTHS ENDED MARCH 31,
---------------------------------------
2002 2001
------------------ ------------------
Net sales $5,067,511 100% $6,472,190 100%
Cost of sales 1,247,236 25 1,613,320 25
---------- ---- ---------- ----
Gross profit 3,820,275 75 4,858,870 75
Operating expenses 2,881,049 57 4,465,096 69
Research and development 26,545 0 51,602 1
---------- ---- ---------- ----
Income from operations 912,681 18 342,172 5
Interest and other income 113,693 2 27,983 --
Interest expense 182,213 3 25,512 --
---------- ---- ---------- ----
Income before income taxes
and minority interest $ 844,161 17% $ 344,643 5%
========== ==== ========== ====
NET SALES. Net Zicam sales for the three months ended March
31, 2002 decreased to approximately $5.1 million or 22%
below the same period of the previous year. Approximately
70% of the sales in each period related to Zicam Cold
Remedy and the remainder to Zicam Allergy Relief. Decreases
in sales for both products contributed to the decline in
sales for the two periods. The decline in sales for our
products primarily resulted from a very weak cold season
industry-wide during the first quarter of 2002 compared to
a relatively strong cold season for the same period in the
prior year. In response to the weak market, we adjusted
our advertising strategy for 2002 to reduce our
expenditures in the first quarter to conserve resources for
later in the year. |
