Bentley Pharmaceuticals, Inc.
Bentley Pharmaceuticals Announces Fourth Quarter and Full Year 2007 Financial Results
Published in Medical Verdicts and Law Weekly, March 27th, 2008
Fourth quarter 2007 revenues were $34.8 million, a 29% increase (16% in constant currency) from $27.1 million reported in the fourth quarter of 2006. Gross margins on net product sales for the quarters ended December 31, 2007 and 2006 were 43.1% and 48.7%, respectively. The Company noted that reduced margins resulted from the implementation of price reductions by the Spanish government on March 1, 2007. Operating income for the fourth quarter 2007 was $0.9 million compared with $2.9 million reported in the...
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