Home | Business News | Browse by Publication | I | Investment Weekly News

Matrixx Initiatives, Inc. Reports Fiscal 2010 Second Quarter Sales and Net Income.

Publication: Investment Weekly News
Publication Date: 14-NOV-09
Format: Online
Delivery: Immediate Online Access
Full Article Title: Matrixx Initiatives, Inc. Reports Fiscal 2010 Second Quarter Sales and Net Income.(Financial report)

Article Excerpt
Matrixx Initiatives, Inc. (NASDAQ:MTXX), an over-the-counter healthcare company that develops and markets Zicam[R] products, announced financial results for its fiscal second quarter and six months ended September 30, 2009. Second quarter revenue decreased 24% to $25.6 million compared to $33.6 million for the comparable quarter in the prior year. The Company reported net income for the quarter of $5.1 million, or $0.55 per diluted share, compared to net income of $8.2 million, or $0.86 per diluted share, for the quarter ended September 30, 2008.

The lower sales in the quarter ended September 30, 2009 versus the prior year is primarily attributable to the loss of nasal Cold Remedy products, which were withdrawn from the market in June 2009. Nasal...

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!



More articles from Investment Weekly News
Hospitals in a Medical Home: Partners in Enhancing Access, Health Stat..., November 14, 2009
Fitch Affirms Taylorsville, UT's Sales Tax Revenue Bonds at 'AA'; Outl..., November 14, 2009
This 2010 U.S. Management Consulting Services Industry Report Contains..., November 14, 2009
Fundamental Consumer Attitudes to Online Current Accounts Examined., November 14, 2009
Fitch: QSCB Program Presents Both Benefits & Risks for U.S. Public Fin..., November 14, 2009

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.