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Drugstore.com profitability

This article was originally published in The Rose Sheet

Executive Summary

Online retailer achieves first-time EBITDA profitability of $556,000 in the fourth quarter with net sales increasing 28.3% to $70.6 mil., Drugstore.com announces Jan. 20. Strong sales were driven by firm's OTC division, which experienced a 37% sales increase in the quarter. Net loss in the period improved $3.5 mil. to $2.4 mil., President and CEO Kal Raman reports. For the year, firm's net sales increased 26.7% to $245.7 mil., with net loss narrowing to $18.6 mil. from $50.3 mil. Net sales for 2004 are forecast to grow in excess of 45% to $360 mil.-$390 mil., with EBITDA expected to fall between break-even and $4 mil...
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