PacificHealth's Q2 revenues up 15 percent
This article was originally published in The Tan Sheet
Executive Summary
Sports nutrition firm PacificHealth Laboratories experienced a 15 percent revenue boost in its second quarter of 2009 with a jump to $2.7 million from $2.3 million in the comparative 2008 quarter, the firm says in its July 29 earning call. Sales and marketing spend jumped $209,436 or 85 percent for the quarter mostly due to increased public relations and marketing for its recently launched weight-management product ForzeGPS (1"The Tan Sheet" July 6, 2009). Gross profit for the quarter inched up to $1.3 million from $1.1 million in the year-ago period. President and CEO Jason Ash said the Matawan, N.J., firm is optimistic its reported growth can be built upon and that its new product launch and marketing strategies have "resulted in a solid start to our third quarter.