Financial Highlights for N-VIRO International First Quarter 2010

Financial Highlights for the First Quarter 2010

 

 

Revenues were $1.37 million, representing a 20% increase over fourth quarter 2009 revenues of $1.15 million and a 2% increase when compared to first quarter 2009 revenues of $1.35 million.

•Gross profit for the reporting period was $374,000, representing an 81% increase over fourth quarter 2009 reported as $207,000 and a 4% decrease when compared to $391,000 the first quarter 2009.

•Gross profit margins for period were 27%, an improvement of 9% over fourth quarter 2009 and a decrease of 2% for the comparable first quarter 2009.

•Operating expenses reported as $1,521,000, an increase of $750,000 over fourth quarter 2009 and $1,164,000 as compared to the first quarter of 2009.

•Net loss increased to $1,143,000, or $0.22 per share for the quarter compared with a net loss of $544,000, or $0.11 per share for the fourth quarter ended 2009 and a net income of $20,000, or $0.00 per share for the same period one year ago.  

•Non-GAAP adjusted cash earnings were $7,000 for the quarter compared with a loss of $59,000 for the fourth quarter of 2009, but a decrease from the first quarter of 2009 of $55,000.

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About nvirointernational
N-Viro’s customer-driven solutions allow publically owned wastewater treatment facilities to leverage the strength of the company’s leading-edge processes, which include alternative fuel technology proven to reduce GHG emissions and advanced fertilizer products. Our manufacturing facility is in full scale operation producing considerable volumes of finished materials for a variety of customers.

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