Sep 10 2009
CTD Holdings, Inc. (OTCBB: CTDH) (FRANKFURT: CDJ) announced today its second quarter results of operations.
Net Operating Loss decreased 36.7% and product sales increased 6.9% to almost $245,000 for the first six months of 2009 compared to the same period in 2008.
"Although profit and loss have not been emphasized by management in the past because the dollar amounts were always small, it's nice to see both going in the right direction. Third quarter sales have gotten off to a great start already," stated Rick Strattan, Chairman/CEO of the company. "We should reduce expenses even more in the third quarter and going forward by eliminating $13,500 per month of non-cash expenses by the elimination of stock for salary to me and George Fails, the new President."
"On the revenue side, the Cyclo™ trials are going well and the list of potential clients for VGP is getting large enough that one or two could well become a reality in the third quarter, or certainly by the fourth quarter," continued Mr. Strattan.
"Finally," Mr. Strattan added, "as a result of the confidence in our new business model, we are going to get more aggressive in the repurchase of our shares on the open market."
SOURCE: CTD Holdings, Inc.