This article was originally published in The Rose Sheet
Third quarter revenues fell nearly 4% to $2.8 mil., a loss of $.08 per share, while net loss was $360,205, compared to net income of $33,431 in 2003. Parker, Colo. firm attributes lackluster results to expenses associated with the company's relocation, which contributed to reduced gross profit and a reported loss. OraLabs remains optimistic, noting, "the company is going into its busy season and we are hopeful that our expansion investments will pay off." OraLabs manufacturers lip care products such as ChapIce, Chap Grip and Soothe & Shine, as well as Ice Drops breath drops and sprays...
You may also be interested in...
Dr Reddy’s saw growth particularly in Europe, North America and international markets in the firm’s financial first quarter ended June 2020. However, the company’s domestic business saw a decline of a due to the impact of COVID-19.
The latest EU designation means Germany now has six notified bodies under the MDR and Italy only one.
This is the busiest time in the history of notified bodies as they try to process all manufacturers under the EU Medical Device Regulation (MDR). Making use of MDSAP audits is one way to cut down on work but is not always an option. The EU’s latest guidance explains the detail.