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My Vintage Baby releases Q1 financials
15 May '08
1 min read
My Vintage Baby Inc, a unique children's apparel company, released 1st quarter financial results.
“I am very pleased with the progress that our company made in multiple financial areas,” stated CFO Jeff Welsh. Welsh reported that revenue reached $555,920 which was a 30% increase year over year. Welsh concluded by stating, “The most significant improvement was in our gross margin.
We grew our 2008 1st quarter gross margin to 40%! This was a tremendous accomplishment when we compare 1st quarter 2007 at 26.9%.” Welsh had stated earlier that margin growth was the key to financial security.
The Company reported a 1st quarter loss of $100,224 compared to a $173,480 quarterly loss in 2007. Expenses, exclusive of cost of goods, rose 10% to $303,939.
“I am very pleased with the progress that our company made in multiple financial areas,” stated CFO Jeff Welsh. Welsh reported that revenue reached $555,920 which was a 30% increase year over year. Welsh concluded by stating, “The most significant improvement was in our gross margin.
We grew our 2008 1st quarter gross margin to 40%! This was a tremendous accomplishment when we compare 1st quarter 2007 at 26.9%.” Welsh had stated earlier that margin growth was the key to financial security.
The Company reported a 1st quarter loss of $100,224 compared to a $173,480 quarterly loss in 2007. Expenses, exclusive of cost of goods, rose 10% to $303,939.
My Vintage Baby Inc
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