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Article: Product sales double, royalties up 76% for antihistamine maker.
- Article from:
- Drug Week
- Article date:
- November 28, 2003
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2003 NOV 28 - (NewsRx.com & NewsRx.net) -- Cima Labs, Inc., (CIMA) reported financial results for the third quarter ended September 30, 2003.
1) Revenues increased 62% to $20.3 million from $12.5 million in the third quarter of 2002, and grew sequentially from $18.3million in the second quarter of 2003.
2) GAAP operating income was $930,000 (4.6% of revenues), compared with $2.3 million (18.5% of revenues) a year ago, and$4.2 million (23.2% of revenues) in the sequential second quarter of 2003.
3) Other income, principally investment income, declined to $757,000 in the third quarter of 2003 from $1.5 million last year due to lower reinvestment ...