Oct 21 2009
Bond Laboratories, Inc. (OTCBB:BNLB), a leading manufacturer and marketer of proprietary beverage products and health supplements, today announced revenue of over $2.2 million for the third quarter ended September 30, 2009, a 340% increase over revenue of approximately $500,000 for the comparable quarter in 2008. Total revenue for the nine months ended September 30, 2009 was just under $7 million as compared to approximately $1.1 million for the same period last year, an increase of over 500%.
“Bond has assembled a dedicated and highly talented team, which continually surpasses our internal financial goals. Both NDS Nutrition and Fusion Premium Beverages are dramatically expanding their distribution and revenues, as well as introducing innovative new products,” stated John Wilson, Chief Executive Officer of Bond Laboratories.
Losses from operations for the three months and nine months ended September 30, 2009 were approximately $677,000 and $1.6 million, respectively, compared to losses from operations of approximately $987,000 and $3.8 million for the same periods last year.
“Excluding non-cash expenses, net loss for the third quarter in 2009 was less than $350,000 as compared to a net loss of approximately $950,000 for the comparable quarter last year, an improvement of more than 63%. Bond continues to experience dramatic progress across all areas of its business and remains committed to driving rapid revenue growth and realizing additional cost savings as a means to achieve positive operating income in 2010,” concluded Wilson.
Additional information, including consolidated financial information, will be available in Bond Laboratories’ Form 10-Q expected to be filed with the Securities and Exchange Commission in early November.
Source: Bond Laboratories, Inc.
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