Smart Balance swings to loss in quarter

摘要

Higher interest, depreciation, amortization and stock-based compensation expense contributed to a loss at Smart Balance, Inc. in the third quarter. For the quarter ended Sept. 30, the company sustained a loss of $3,725,000, which compared with income of $1,143,000, equal to 2c per share on the common stock, during the same quarter of the previous year. Sales for the quarter were $101,334,000, up 41% from $71,660,000 during the same quarter of the previous year. "Beginning with our third-quarter report we established two business segments - Natural and Smart Balance," said Stephen Hughes, chairman and chief executive officer.