Bravo Reports Increase In Revenue, Losses
Bravo Foods recently announced that it is experiencing some growing pains - with revenue increasing 297% and losses increasing 209%.
Bravo Foods recently announced that it is experiencing some growing pains - with revenue increasing 297% and losses increasing 209%.
GSPI recently announced plans to build a first of its kind biorefinery that will produce both biomass ethanol and biodiesel fuel. The refinery will produce biodiesel fuel using waste heat from the ethanol refinery, and will require virtually no heat processing cost for the biodiesel refinery.
The first refinery is planned for North Carolina, and a second is planned for the pacific northwest.
COSI announced their 1Q06 earnings after the market’s closing bell. The tally: a net loss of $3.9 million (a loss of about 10 cents per share) compared with a loss of $2.8 million for 1Q05.
They did note, however, that they generated a positive cash flow from operations of $200,000 in 1Q06, whereas they burned about $5.5 million in 1Q05.
Jones Soda announced that 1Q06 revenue jumped 27%. But with nearly $400,000 in stock options expenses in the first quarter, their earnings were hampered.
Most noteworthy, however, is the huge increase in shareholder’s equity the company is showing on its balance sheet. Equity jumped from $4.78 million in 1Q05 to $7.36 million in 1Q06 - an increase of nearly 54%.
COSI has announced that their 1Q06 results conference call will be this Thursday, May 11, at 8:30am Eastern. 1Q06 earnings will be released after the market’s closing bell on Wednesday.
You can find more details about the conference call in this announcement.