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Press Release
Source: Rockwell Medical Technologies, Inc.
Rockwell Medical Technologies, Inc. Announces Release For Fourth Quarter Earnings; Anticipates Strong Sales Growth.
Thursday February 6, 8:15 am ET
WIXOM, Mich., Feb. 6 /PRNewswire-FirstCall/ -- Rockwell Medical Technologies, Inc. (Nasdaq: RMTI - News), a leading, innovative hemodialysis products manufacturer in the healthcare industry, announced today that it plans to report its fourth quarter earnings on Tuesday, February 25, 2003. The Company anticipates reporting strong sales growth for the fourth quarter of 2002.
Rockwell Medical Technologies, Inc. expects to report sales of at least $3.5 million in the fourth quarter of 2002, which is an increase of over 50% above reported revenue in the fourth quarter of 2001. The Company also generated positive EBITDA (Earnings before Interest, Taxes, Depreciation and Amortization) in the fourth quarter consistent with the Company's previously stated expectations.
Thomas E. Klema, Vice President and Chief Financial Officer stated, "The Company felt it was important to provide interim guidance to investors on anticipated results for the fourth quarter. Rockwell's business has made substantial improvement in the fourth quarter by generating increased sales, leading to both reduced operating losses and cash requirements to fund business operations."
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