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Article: Obagi Medical Products Releases 3Q 2009 Earnings.
- Article from:
- Health & Beauty Close-Up
- Article date:
- November 10, 2009
CopyrightCOPYRIGHT 2009 Close-Up Media, Inc. 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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Obagi Medical Products, Inc. has reported third quarter 2009 net income of $3.0 million, or $0.14 per diluted share, compared with $2.9 million, or $0.13 per diluted share, for the third quarter of 2008.
In a release on November 5, the Company noted that net sales were $24.9 million in the third quarter of 2009, a decline of 4 percent from $26.0 million a year ago. Gross margin was 78.9 percent in the third quarter of 2009, compared with 80.3 percent a year ago. This was due primarily to a newly initiated rebate program tied to the use of NuDerm or Condition & Enhance systems in conjunction with cosmetic procedures, which impacted gross margins by 1 percent, and ...