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Article: OPTA FOOD INGREDIENTS REPORTS REVENUE FOR FOURTH QUARTER AND FULL YEAR
- Article from:
- PR Newswire
- Article date:
- February 8, 1996
CopyrightCOPYRIGHT 1996 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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OptaGrade Sales Tripled in 1995
BEDFORD, Mass., Feb. 8 /PRNewswire/ -- Opta Food Ingredients, Inc. (Nasdaq: OPTS) today reported revenue of $2.3 million for the fourth quarter ended December 31, 1995, compared with revenue of $1.1 million in the same period last year. The net loss for the fourth quarter of 1995 was $795,000, or $.07 per share as compared to a net loss of $883,000, or $.12 per share reported in the prior year period. Per share figures reflect the increase in weighted average shares outstanding from 7.4 million to 10.7 million which was primarily due to the company's public offering of stock during the third quarter of 1995.
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