Home / Knowledge / News / Textiles / Naturally Advanced Technologies reports Q1 results
Naturally Advanced Technologies reports Q1 results
May '09
Naturally Advanced Technologies Inc., reported results for its first quarter ended March 31, 2009.

"The first quarter results reflect our strategy to wind down our historic apparel business, HTnaturals, as we move into the next phase of our business plan for CRAILAR(r)," stated Ken Barker, NAT's CEO. "We expect to complete the exit in the third quarter of 2009, as our CRAILAR activities continue to take precedence as the most attractive opportunity for improving shareholder value."

"The successful results of our trials with potential partners have paved the way for continued progress on agreements to bring Organic Fibers and Advanced Materials technologies to market. Our resources are now focused on the commercialization of our CRAILAR technology, which will enable large scale production of industrial hemp and other bast fibers as a substitute for traditional cotton and wood pulp applications. Our goal is to begin generating revenue streams from CRAILAR in 2009," Barker concluded.

For the first quarter ended March 31, 2009, HTnaturals posted sales of approximately $270,000, compared to $954,000 in the first quarter of 2008. For the first quarter ended March 31, 2009, net loss was $768,000, which includes $87,000 of research and development for the CRAILAR technology platform and $142,000 of stock-based compensation, as compared to the 2008 first quarter net loss of $550,000, which included $153,000 of research and development for the CRAILAR technology platform and $89,000 of stock-based compensation. Net loss was $0.02 per share for both periods.

Naturally Advanced Technologies Inc

Must ReadView All

Textiles | On 24th Jul 2017

Govt extends deadline for GST composition scheme to Aug 16

The Government on India has extended the deadline for small...

L-R: Dhanapal, JMD, Best Corporation; Prabhu Damodaran, Convenor, ITF; Narayanasamy, MD, Micro Cotspin; Senthilnathan, MD Rasitex India; and Sabapathy, MD, Prasanna Spinning Mills

Textiles | On 24th Jul 2017

TN mills seek partnership with cotton growing states

Spinning mills in Tamil Nadu are seeking stronger partnership with...

Textiles | On 24th Jul 2017

Irani terms GST as a ‘great step towards transparency’

Union textiles minister Smriti Irani has termed the Goods and...

Interviews View All

Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Planning to Take the Leap towards

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search