To: Bullish2010 who wrote (48639 ) 8/30/2018 11:03:20 AM From: kidl Respond to ENW Q3 ... It was close. Reported the highest quarterly revenue ever for the company in Q3 2018 of $6,779 compared with $4,674 for Q3 of 2017, an increase of $2,105. Royalty revenues for Q3 2018 increased to $137, compared with $94 for Q3 of 2017; More than doubling revenues for NutraDried with Q3 2018 revenues of $5,169 compared with Q3 2017 revenues of $1,888, an increase of $3,281 or 144 per cent. NutraDried continues to increase points of distribution for its all-natural, crunchy Moon Cheese snack; Achieving gross profit of $2,931 for Q3 2018 compared with $1,622 for Q3 2017, an increase of $1,310. Gross margin as a percentage of revenue was 43 per cent for Q3 2018 compared with 35 per cent for Q3 2017; Continuing to be cash flow positive with cash flow from operations prior to changes in non-cash working capital (*) of $1,632 for the first three quarters of 2018, compared with $284 for the first three quarters of 2017, showing positive cash flows from operations before taking into account changes in working capital; Reducing G&A (general and administrative) expenses with Q3 2018 G&A expense of $510, compared with $548 for Q3 of 2017, a decrease of $38. As a percentage of revenue, G&A expense was 7.5 per cent for Q3 2018, compared with 11.7 per cent for Q3 2017; Maintaining R&D expenses with R&D expense for Q3 2018 of $332, compared with $348 for Q3 of 2017, a decrease of $16. The company continues to invest strategically to strengthen its patent portfolio and to develop new product innovations with commercial potential; Growing net income at NutraDried of $1,908 for Q3 2018 compared with $167 for Q3 2017, an increase of over 11 times. NutraDried continued to contribute significantly to the growth of the company in terms of revenues and profitability with its growing distribution base and strong profit margins. enwave.net
