Finance

Matrixx Initiatives reports 35% revenue growth and earnings per share up 72 cents in Q3 2006

Published in Drug Law Weekly, November 21st, 2006

Matrixx Initiatives, Inc. (MTXX), an over-the-counter healthcare products company, announced in financial results for the third quarter and 9-month period ended September 30, 2006, that revenue increased 35% to $34.1 million compared to approximately $25.2 million for the third quarter of 2005.

The company reported net income for the quarter of approximately $7.2 million, or 72 cents per share, compared to net income of $5.6 million, or 58 cents per share, in the third quarter of 2005.

For the 9 months ended September 30, 2006, revenues increased to approximately $60 million, or 29% above the $46.4 million recognized for the first 9 months of 2005....

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Source: Drug Law Weekly (2006-11-21)

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