Friday, August 13, 2010

Celsius Announces 252% Increase in Revenue

“Celsius Holdings, Inc., the creator and marketer of Celsius(R), Your Ultimate Fitness Partner(TM), today reported results of operations for the second quarter ended June 30, 2010. Revenue for the quarter totaled $4.1 million as compared to $1.2 million for the same quarter in 2009, an increase of 252%. The Company recorded a net loss of $3.0 million for the 2010 quarter as compared to $1.4 million for the same period last year, or ($0.16) and ($0.19) per share, respectively. For the six months ended June 30, 2010, the Company recorded a net loss of $8.9 million or ($0.54) per share on net revenues of $ 6.4 million, as compared to a net loss of $2.6 million or ($0.35) on net revenues of $2.1 million, during the 2009 period. Commenting on the res...

http://www.marketwatch.com/story/celsius-announces-252-increase-in-revenue-2010-08-12?reflink=MW_news_stmp