Financial overview of Q3\2013 The third quarter o
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Financial overview of Q3\2013
The third quarter of fiscal year 2013 saw $668K in revenue. This is an increase of $34K, or 5% in revenues from the previous quarter.
The cost of revenues saw a significant decline of $-212, or -44% for a total of gross profit of $401K.
This quarter’s operating expenses totaled $675, leaving Elite with a net loss from operations of -$274K, which is a decline of -47% from the previous quarter.
Revenue
Manufacturing revenue which totaled $400K saw a decline of -$66K, or -14% from the previous quarter.
Compared with the previous quarter, royalty and Lic revenue which totaled $157K grew by $3K, or 2%.
Lab fees which totaled $111K increased significantly from the previous quarter by 693%, or $97K.
YOY comparison
Compared to Q3\2012, Elite generated an additional $159K in revenues, for growth of 31%.
YTD revenues total $1,880K which compared to last year is an increase of 6%.
Source: 2011, 2012, and 2013 SEC Form 10-Q available at http://www.sec.gov/search/search.htm
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