Nutrition 21 Inc., (PK:NXXI) a developer of nutritional ingredients for dietary supplements announced their Second Quarter Earnings … Nutrition 21, trades as a “Pink Sheet” under the Stock Symbol, ”NXXI”. For the Latest information regarding “NXXI”, make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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Nutrition 21, Inc. (PK:NXXI), announces financial results for the second quarter ended December 31, 2009 for the fiscal year 2010 by the developer and marketer of nutritional ingredients for the dietary supplement and functional food and beverage markets.
For six months ended December 31, 2009; the Company reported the total revenues from continuing operations of $4.4 million compared to $3.5 million in the comparable period a year ago. Net loss from continuing operations for the six months ended December 31, 2009 was $1.1 million or ($0.02) per diluted common share, compared to $2.4 million or ($0.4) per diluted common share in the corresponding period a year ago. The Company completed the sale of its retail and direct response businesses during the quarter ended December 31, 2009.
Discontinued operations from Net loss was $1.6 million or ($ 0.02) per diluted common share for the quarter ended December 31, 2009. It was compared to a gain $1.5 million or $0.2 per diluted common share in the comparable period a year ago. For the six months ended December 31, 2009, the Company reported a net loss from discontinued operations of $1.7 million or ($ 0.02) per diluted common share compared to a gain of $2.7 million or $0.4 per diluted common share in the comparable period a year ago.
There are many nutritional products, supplements, pharmaceuticals, and animal feed products that can be enhanced by the addition of our proprietary ingredients. Also, chromium picolinate product was recently approved for use as an ingredient in food supplements in the European Union.
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