The 3rd qtr results just came out...sales up but expenses way up. I don't understand why they have moved so many times and it seems like it's like the Colts moving in the middle of the night...it would seem to be very disruptive and costly.
I agree, but breaking ties with the Baust family and moving headquarters close to the biotech industry that they serve and their advisory board is wise. The Owego lease goes away in Jan. 2008 and the outsourcing of manufacturing, warehousing and order filling will save money. They will just have the one corporate office in Bothell Washington. The number that stands out is the sales and marketing expenses. The company had total sales of $636,043 and although they were up nicely percentage wise year over year, the sales & marketing expenses for nine months almost equaled total sales and was up year over year almost 4 fold. The return on invested sales dollars was not very good. Maybe the sales will continue to grow going forward and they will be able to reduce the overall cost of sales. They are doing some things right, but they need to control expenses better and reduce the cash burn. Hopefully the 4th quarter will be more positive and maybe the company will break $1 million in sales.