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OmniaLuo revenue up 87% to $5 mn in Q3

18
Nov '08
OmniaLuo Inc announced record operating results for the quarter and nine months ended September 30, 2008.

OmniaLuo reported record revenue of approximately $5.0 million for the quarter ended September 30, 2008, compared to approximately $2.7 million for the quarter ended September 30, 2007 - an 87% increase. For the nine months ended September 30, 2008, OmniaLuo reported record revenue of approximately $11.3 million, compared to approximately $5.2 million for the nine months ended September 30, 2007 - a 116% increase.

The substantial increase in revenue was primarily attributable to the increase in the number of independent distributors and stores, as well as the increase in sales by existing independent distributors and stores.

Revenue from sales to independent distributors for the quarter ended September 30, 2008 was approximately $3.4 million (67% of total sales revenue for the period), compared to approximately $2.1 million for the quarter ended September 30, 2007 - a 62% increase. Revenue from sales to independent distributors for the nine months ended September 30, 2008 was approximately $7.6 million (67% of total sales revenue for the period), compared to approximately $4.1 million for the nine months ended September 30, 2007 - an 84% increase. The increase in revenue from independent distributors was attributable to the increase in the number of independent distributor stores from 114 stores as of September 30, 2007 to 163 stores as of September 30, 2008, as well as an increase in sales by existing independent distributor stores.

Revenue from sales from Company-owned and co-owned stores for the quarter ended September 30, 2008 was approximately $1.6 million (33% of total sales revenue for the period), compared to approximately $0.6 million for the quarter ended September 30, 2007 - a 173% increase.

Revenue from sales from Company-owned and co-owned stores for the nine months ended September 30, 2008 was approximately $3.7 million (33% of total sales revenue for the period), compared to approximately $1.1 million for the nine months ended September 30, 2007 - a 239% increase. The increase in revenue from Company-owned and co-owned stores reflected the increase in the number of Company-owned and co-owned stores from 49 such stores as of September 30, 2007 to 79 such stores as of September 30, 2008.

OmniaLuo reported overall gross profit for the quarter ended September 30, 2008 of approximately $2.8 million, compared to approximately $1.3 million for the quarter ended September 30, 2007 - a 114% increase. Overall gross profit for the nine months ended September 30, 2008 was approximately $6.5 million, compared to $2.8 million for the nine months ended September 30, 2007 - a 134% increase.

The Company also reported overall gross profit margin for the quarter ended September 30, 2008 of approximately 56%, compared to approximately 49% for the quarter ended September 30, 2007. Gross profit margin for the nine months ended September 30, 2008 was 57%, compared to 53% for the nine months ended September 30, 2007.


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