>>
Home / Knowledge / News / Textiles / Naturally Advanced Technologies reports Q1 results

Naturally Advanced Technologies reports Q1 results

18
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

Pic: cf.kizlarsoruyor.com

Apparel/Garments | On 6th Dec 2021

All Turkish goods to be labelled ‘Made in Turkiye’

All goods produced in Turkey, including clothing for exports, will be ...

Pic: Jaroslaw Baczewski | Dreamstime.com

Textiles | On 6th Dec 2021

Global cargo demand up by 9.4% in Oct 2021 over Oct 2019: IATA

Global demand was up by 9.4 per cent in October 2021 compared to the...

Pic: Phanthit Malisuwan | Dreamstime.com

Textiles | On 6th Dec 2021

NCTO offers key policy recommendations to support US industry

In a written testimony before the US House Ways and Means Trade...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry craft and utility

Textile Industry, Head honchos

Textile Industry
Head honchos

Strongly believe in 'people first' policy.

Textile Industry, Head honchos

Textile Industry
Head honchos

Uniform designing is a numbers game

Susanna Koelblin,

Susanna Koelblin

Founded in 1920, Eastman is a global specialty materials company that...

Chini Chouhan,

Chini Chouhan

Founded by Chini Chouhan, her eponymous brand specialises in women's...

Chendhuran Sundar,

Chendhuran Sundar

Headquartered at Singapore, Crocodile is a global fashion and lifestyle...

Steve McCullough & Marco Weichert, Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Functional Fabric Fair is a trade-exclusive event showcasing the latest...

Silke Brand-Kirsch, Glatfelter

Silke Brand-Kirsch
Glatfelter

Glatfelter is a leading global supplier of engineered materials. <b>Silke...

Serkan Gogus, Mogul Nonwovens

Serkan Gogus
Mogul Nonwovens

Mogul is a global player ranked among the top 40 nonwoven producers in the ...

Sandeep Gonsalves & Sarah Gonsalves, Sarah & Sandeep

Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep

Established in 2012, Sarah &amp; Sandeep is a luxury menswear label...

Sunita Shanker, Label Sunita Shanker

Sunita Shanker
Label Sunita Shanker

Inspired by the rich traditional crafts of India, Sunita Shanker’s work is ...

Bani Pasricha,  Label - Bani Pasricha

Bani Pasricha
Label - Bani Pasricha

An Indian fashion-designer and a recipient of one of the most prestigious...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


December 2021

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


Advanced Search