TFFI. . .What do you see? Reporting OTC.
Last quarter didn't look so hot. . . no news. . .what is your take?
Here is paste from last quarterly:
Net sales. Net sales decreased 28% to $3,282,000 for the three months ended September 30, 1998 from $4,562,000 for the same period in 1997 and decreased 33% to $10,471,000 for the nine months ended September 30, 1998 from $15,597,000 for the comparable nine months of 1997. These decreases were primarily due to a decrease in demand for a new product line offered by the Company by a significant customer, which new product line generated significant sales in 1997 and, to a lesser extent, a general weakening in demand for products of the flavor industry.
Gross profit. Gross profit, as a percentage of sales, decreased to 34.2% for the three months ended September 30, 1998 from 40.6% during last year's comparable quarter and decreased to 39.6% for the nine month period ended September 30, 1998 from 40.9% from last year's comparable nine month period.
Rande Is |
