|
Junior Healthcare Company Boasts Record Sales in Q3
By: AllPennyStocks.com News
November 22, 2011
‘Tis the season…earnings season that is. Four times a year thousands of companies have thousands of investors waiting to see just how well the last quarter went and how it will impact the share value that they hold in their portfolio. Those that follow the markets daily can only hear about big board firms and how they performed as compared to analysts’ expectations, but there are plenty of small and microcaps that produce solid earnings that showcase their growth.
Operating out of Alachua, Florida, CTD Holdings Inc. (OTCBB:CTDH) is a family of companies that manufacture and market Trappsol and Aquaplex cyclodextrins and cyclodextrin complexes for food, nutrition and pharmaceutical markets. One of its companies, NanoSonic Products, Inc., operates the world's only cGMP pulse drying facility for the production of pharmaceutical grade Aquaplex cyclodextrin complexes.
Late in October, NanoSonic Products, Inc. received a grant check for $44,625 from Mr. Richard Machek, Florida State Director of USDA Rural Development. The grant, part of the Rural Energy in America Program, was awarded to support the installation of a solar electric renewable energy system to provide NanoSonic's new manufacturing facility with electric power.
The third quarter showed growth for CTD Holdings, according to today’s disclosure of the 10-Q filed with the Security and Exchange Commission. The Company reported record third quarter revenues of $231,000 for the quarter ended September 30th, 2011, an 18% increase over the same period last year. Year-to-date sales were $854,949, representing a 64% increase over the same period last year. CTD attributes the increase in sales in 2011 from 2010 in large part to one customer's multiple new orders for Trappsol® TRMB products. New customers also contributed to the growth; a result of greater awareness of the uses of cyclodextrins surrounding the treatment of Niemann-Pick type C (childhood Alzheimer's) and increased internet communication efforts about its products during 2011.
While some may balk at that revenue total, the company appears to be moving in the right direction in general, a trait that many developmental firms consistently lack. The new NanoSonic Products manufacturing facility is complete, which allowed for consolidation of the corporate headquarters to one site (running on 100% green energy, incidentally). Sales of Trappsol® and Aquaplex® are growing. Cost of Goods Sold decreased by 26% in the latest quarter as compared to the 2010 quarter. Cash flow from operations is also up as a result of higher sales.
The share price didn’t have much action today with the latest financials, closing down by a penny at $0.135 on just over 30,000 shares in volume. Importantly, shares have been on the climb all of 2011, rising from about 3 cents to today’s present value after touching $0.204 in late July. The numbers may not be that of Perrigo Company (Nasdaq:PRGO), but the small firm appears to be building a nice base and may be a company to keep an eye on in the future. Proper due diligence is, as always, encouraged.
Copyright © 2011 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
|
