Dynamic Health Products, Inc. Reports Record 2006 Revenue Revenues Up 212% From Prior Year Jul 12, 2006 8:00:00 AM
LARGO, FL -- (MARKET WIRE) -- 07/12/06 -- Dynamic Health Products, Inc. (OTCBB: DYHP), a leading distributor in the sports nutrition product and performance drink industries, announced today that total revenues for fiscal year ended March 31, 2006 was a record $50.1 million, an increase of 212% over the prior year's revenues of $16.1 million. Dynamic reported net income applicable to common shareholders of $5.9 million compared to a net loss of $4.4 million in the prior year. Net income on a per share basis was $0.41 in 2006 compared to a per share net loss of $0.34 in 2005.
Mandeep Taneja, Chief Executive Officer, commented, "Our fiscal year ending March 31, 2006 was an extremely gratifying year for us. We delivered record revenue, as well as laid the foundation for sustainable organic growth by increasing our in house sales force, improving our vendor relations and expanding our distribution facilities. Furthermore, major steps were taken towards optimizing our operating efficiencies through the integration of personnel and information systems." Added Mr. Taneja, "As we move into 2007, we are extremely excited by our growth potential. Customer demand is strong and we have the infrastructure in place to support our continued growth."
2006 Discussion
Total revenues of $50.1 million for the 2006 fiscal year, up 212% from $16.1 million in 2005. The significant increase in revenues included organic growth of approximately 34%.
Gross profit was $9.1 million for the 2006 fiscal year, up 190.6% from $3.1 million in 2005. Gross margin was 18.3% of revenues for the 2006 fiscal year, compared to 19.6% for 2005. We expect to improve our gross margins as we avail ourselves of purchase volume discounts and increase our sales of products yielding higher margins.
Operating expenses for the 2006 fiscal year were $9.7 million and represented 19% of revenues compared with operating expense of $4.2 million in 2005 representing 26.4% of revenues. The improvement in operating expenses, as a percentage of revenues, was due to enhanced operating efficiencies and the overall dollar increase was due to the increase in business activity and revenues.
Net income for the 2006 fiscal year was $5.9 million compared to a net loss of $4.4 million for 2005. This included non-cash income (expenses) for 2006 of $6.9 million and $(5.1) million for 2005, related to two convertible notes and warrants with fixed conversion prices ranging from $0.90 to $1.37.
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DYHP is a distributor in the sports nutrition product and performance drink industries and is engaged in developing, wholesaling, and distributing a wide variety of non-prescription drugs, dietary supplements, vitamins, health foods, nutritional products, soft goods and other related products. Its wholly-owned operating subsidiaries include Bob O'Leary Health Food Distributor Co., Inc., Dynamic Marketing I, Inc. and Herbal Health Products,
Posts: 3228 | From: Michigan | Registered: Aug 2005
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This is a low float, grossly undervalues stock. I expect 2.5X in 6 weeks. Not for a quick flip thou. I like the net income of 0.41 per share. This stock will get noticed soon. It's an otc--BB stock, not a pinky.
Posts: 3228 | From: Michigan | Registered: Aug 2005
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DYHP is a low float stock with a float of 6 M shares. It's getting more attention now. The volume was 171K yesterday, about 54K$ was traded. The bid/ask spread is small, as compared with other low float stocks.
Posts: 3228 | From: Michigan | Registered: Aug 2005
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Good news, they just released second qtr financial...revenue up, found it on yahoo...watch this today
Posts: 9 | From: cleveland | Registered: Aug 2006
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LARGO, FL--(MARKET WIRE)--Aug 24, 2006 -- Dynamic Health Products, Inc. (OTC BB:DYHP.OB - News), a leading distributor in the sports nutrition product and performance drink industries, announced today that total revenue for the fiscal first quarter ending June 30, 2006 was $13.8 million and net income applicable to common shareholders was $441 thousand or $0.03 per share. Mandeep Taneja, Chief Executive Officer commented, "Our first quarter ending June 30, 2006 was highlighted by the following results:
-- Total revenue of $13.8 million; -- Gross profit of $2.7 million; -- Net income of $441 thousand; -- Earnings per share of $0.03; and -- Shareholders' equity of $5,113,875." 1st Quarter 2007 Discussion
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Revenues
Dynamic Health Products ("Dynamic" or the "Company") generated revenues of $13,818,021 for the three months ended June 30, 2006, an increase of $753,991 or 5.8%, compared to $13,064,030 for the three months ended June 30, 2005. The increase was primarily attributable to organic growth resulting from expansion of distribution channels with the opening of distribution centers in Henderson, Nevada and Largo, Florida in May 2005, as well as the expansion of the Company's in-house sales force. Management expects organic growth of up to 15% in the future, based on expansion of marketing efforts through its in-house sales force.
Gross Profit
Dynamic achieved a gross profit of $2,706,048 for the three months ended June 30, 2006, an increase of $144,185 or 5.6%, compared to $2,561,863 for the three months ended June 30, 2005. Gross margin, as a percentage of revenues, was 19.6% for the three months ended June 30, 2006 and 2005. Management expects gross margins of 18% to 20% in the future Posts: 9 | From: cleveland | Registered: Aug 2006
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