27 March 2008

XELR8 Holdings Posts Narrower Net Loss In FY07


Trading Markets
XELR8 Holdings, Inc., a provider of nutritional foods and beverages, announced full year results, reporting a loss that narrowed from last year.

The Denver, Colorado-based XELR8 Holdings net loss for the full year narrowed to $3.24 million or $0.23 per share from $4.67 million or $0.48 per share in the prior year.

Quarterly revenue more than doubled to $4.9 million from $2.1 million a year ago, guided by the launch of lead product Bazi. Loss from operations for the year narrowed to $2.89 million from $4.67 million in the earlier year. Gross profit grew to $3.5 million from $1.4 million in the prior year period. Total operating expenses was $6.36 million, compared to $6.04 million in 2006.

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