Geopharma Incorporated is a Florida based rapidly growing Bio/Pharma Company with a diversified business model participating in 3 main market segments: Specialty Pharma, Manufacturing, and Distribution. On October 16, 2007, Geopharma acquired Dynamic Health Products, a company which develops, markets and distributes a wide variety of sports nutrition products, performance drinks, non-prescription dietary supplements, over-the-counter drugs, health and beauty care products, health food and nutritional products, soft goods and other related products.
Geopharma yesterday reported their 3rd quarter results, the company reported $18.2 million in total revenues an astounding increase in sales of 203% compared to the 2nd quarter financial results. Revenues for the company for the nine month period ended December 31, 2007 were up to $34.1 million which was a significant increase from the $30.9 million from the same period in 2006.
Gross Profits for the third quarter ended December 31, 2007 increased 200% to $3.6 million as compared to the continuing operations gross profits for the second quarter ended September 30, 2007 of $1.2 million. Net loss for the December quarter 2007 was narrowed to $1.675 million as compared to the September 2007 net loss of $1.9 million. Net loss per share for the December quarter 2007 was $(0.12) as compared to the September 2007 quarter net loss of $(0.16).
Selling, general and administrative expenses, exclusive of depreciation and amortization, were $5.3 million for the quarter ended December 2007 as compared to $3.7 million for the quarter ended September 2007. Increases this quarter were attributable to higher costs related to the addition of the DYHP acquisition in addition to additional legal and accounting costs and other business expansion such as rents, payrolls and related insurances. A replay of the company’s earnings conference call will be available from 1:30 PM (ET) on February 14 through February 21, by dialing 1-888-286-8010 and entering pass code 37538422.
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