CARLSBAD, Calif., Aug 22, 2005 /PRNewswire-FirstCall via COMTEX/ -- FemOne, Inc. (FEMO, Trade), a publicly held Nevada corporation (the "Company"), reported consolidated sales for the second quarter of 2005.
FemOne reported consolidated net sales of $1,867,076 for the three months ended June 30, 2005, an increase of approximately 600%, from $262,540 for the three months ended June 30, 2004. Consolidated net sales for the six months ended June 30, 2005 increased to $3,619,705 from $482,032 for the same period in 2004. The increase in sales in the 2005 periods of approximately 650% is primarily attributed to the continued growth of FemOne's technology division, BIOPRO Technology.
Gross profits for the three months ended June 30, 2005 increased to $1,456,228 from $186,617 during the three months ended June 30, 2004. The increase in gross profits of approximately 680% is directly attributable to the overall increase in net sales in 2005 and increases in gross margins is primarily due to increased profits from Direct Sales of approximately 640% attributed to the growth in our BIOPRO Technology division in the U.S., Australia and New Zealand. Also contributing to the increase in gross profits during the 2005 period are gross profits from Direct Response Television Shopping of approximately $222,240 from our subsidiary SRA Marketing. Gross profits for the six months ended June 30, 2005 increased to $2,762,549 from $349,805 over the same period in 2004.
Consolidated net loss attributable to common stockholders for the three months ended June 30, 2005 was $762,794, or ($0.01) per share, compared to a consolidated net loss of $511,305, or ($0.02) per share, for the three months ended June 30, 2004. Consolidated net loss attributable to stockholders for the six months ended June 30, 2005 was $2,051,041, or ($0.04) per share, compared to a consolidated net loss of $1,099,182, or ($0.04), per share for the same period in 2004. The increase in net loss in 2005 over 2004 was directly attributable to an increase in expenses associated with the Company's expanded operations and efforts to continue its business growth. Included in the net loss for the three and six month periods ended June 30, 2005 are expenses of approximately $450,000 and $1,220,000, respectively, representing non-cash amortization expense related to the Company's convertible debt financing.
Operating expenses for the three months ended June 30, 2005 were $1,732,128, compared to $680,060 for the same period in 2004. Operating expenses for the six months ended June 30, 2005 were $3,576,020, compared to $1,419,396 for the same period in 2004. Operating expenses as a percentage of sales for the three and six months ended June 30, 2005 decreased to 93% and 99%, respectively, compared to 259% and 294%, respectively, in the 2004 periods. The significant decrease of operating expenses as a percentage of sales has been predominantly a result of the 650% increase in sales. The increase in operating expenses in the 2005 periods was the result of increases in commission expenses incurred on the increased sales, as well as increases in promotion and marketing expenses, and our expanded operations in Australia and New Zealand.
Included in the Company's consolidated results for the three and six months ended June 30, 2005 are revenues and expenses from its two controlled subsidiaries, BIOPRO Australasia Pty, Ltd, which operates the Company's direct sales effort in Australia and New Zealand, and SRA Marketing, Inc., which is responsible for all sales made over the Direct Response Shopping network. Each of these subsidiaries began their operations in the fourth quarter of 2004. Revenues during the three and six months ended June 20, 2005, from BIOPRO Australasia Pty, Ltd., represented 25% and 26%, respectively, of the Company's consolidated revenues for those periods. Revenues from SRA Marketing during the three and six months ended June 30, 2005, represent 7% and 11%, respectively, of the Company's consolidated revenues for those periods.
Commenting on the results, Ray W. Grimm, Jr., the Company's chief executive officer, stated "We continue to see the rewards of our marketing efforts with our significant revenue growth over prior periods. We will continue to focus our efforts on building our sales momentum, expanding our market presence, and achieving profitability."
The information contained in this press release should be read in connection with the Company's Annual Report on Form 10-KSB for the year ended December 31, 2004, containing the Report from the Company's Independent Registered Public Accounting Firm that includes a qualification as to the Company's ability to continue as a going concern and other information necessary for an understanding of the Company, as well as its Quarterly Report on Form 10-QSB for the period ended June 30, 2005.
-------------------- pink floyds "money" is the way to live.......
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quote:Originally posted by pgolden: anything is possible but realistically we can go to .05 quickly depending on volume.....
looks to me like the last time this hit 5 cents was back in april. just a heads up. it has been bouncin off this resistance (where we are at now}since july.hard to bust past this. i dont see .05 for awhile, but ive been wrong many times. jmho---jordan
By M2 Last Update: 11/23/2005 1:16:34 PM Data provided by
Nov 23, 2005 (M2 PRESSWIRE via COMTEX) -- **************** strives to find dynamic issues that are unknown but because of their technology, approach, executive team, recent discoveries or other key factors, could advance in the market. **************** has identified the following company based on these issues. FemOne Incorporated (FEMO) is a sales and marketing company dedicated to enriching the lives of women through their own specialized products.
Company shares of FemOne Incorporated elevated 30 percent today in trading, increasing slightly from the previous close $0.009. Up $0.003 and trading 1.5 million shares, this company currently sits at $0.011 per share. FemOne boasted a busy day in trading yesterday rising as high as $0.013 then sinking down to $0.009 by the end of the day. Today FemOne recovers nicely as investors possibly react to the release of financial reports today.
FemOne reported consolidated net sales of $2,035,035 for the three months ended September 30, 2005, an increase of approximately 328%, from $475,357 for the three months ended September 30, 2004. Consolidated net sales for the nine months ended September 30, 2005 increased to $5,584,291, (an increase of 483%), from $957,389 for the same period in 2004. The increases in sales are primarily attributable to the continued growth of FemOne's technology division, BIOPRO Technology.
Gross profits for the three months ended September 30, 2005 increased to $1,734,766 from $364,334 during the three months ended September 30, 2004. The increase in gross profits of 376% is primarily due to the overall increase in net sales in 2005 and increases in gross margins from Direct Sales of 374% as a result of the growth in our BIOPRO Technology division in the U.S., Australia and New Zealand. Gross profits for the nine months ended September 30, 2005 increased to $4,414,525 from $714,139 over the same period in 2004. Contributing to the increase in gross profits during the 2005 period are gross profits from Direct Response Television Shopping of approximately $195,879 from our subsidiary SRA Marketing.
Ray W. Grimm, Jr., the Company's chief executive officer, stated..........
To view the full Market Gainer Report on FemOne Incorporated, please visit www.**************** for a complimentary subscription to the newest and most exciting online financial newsletter on the market. No Credit Card information needed. --------------------- That news is a week or so old, but looks good! I've had this one for a little while and I've been watching it upticking lately!
-------------------- "As long as there are dreamers, there are dreams that will come true."
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