From MTXX 10Q filed performanace deteriorating...income from operations down from 18% to 3%, net income down 18% from 1%.
THREE MONTHS ENDED MARCH 31,
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2003 2002
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Net sales $ 8,901,675 100% $ 5,067,511 100%
Cost of sales 2,649,045 30 1,247,236 25
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Gross profit 6,252,630 70 3,820,275 75
Operating expenses 5,692,531 64 2,881,049 57
Research and development 310,762 3 26,545 --
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Income from operations 249,337 3 912,681 18
Interest and other income 36,959 -- 113,693 2
Interest expense 85,835 1 182,213 3
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Income before income taxes 200,461 2 844,161 17
Provision for income taxes 83,107 1 (84,702) (1)
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Net Income $ 117,354 1% $ 928,863 18%
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