Ocean Bio-Chem (OBCI) Swings to Q1 Loss
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Ocean Bio-Chem, Inc. Reports First Quarter 2015 Financial Results
May 15, 2015 9:45 AM EDTFORT LAUDERDALE, Fla., May 15, 2015 /PRNewswire/ --Â Ocean Bio-Chem, Inc. (NASDAQ: OBCI) announced today its financial results for the first quarter of 2015. Â Despite bad weather in much of the U.S., the Company reported a sales increase compared to the same period in 2014.
The Company reported first quarter 2015 net sales of approximately $6,002,000, compared to first quarter 2014 net sales of approximately $5,921,000. Earnings were ($16,000), which rounds to basic and diluted earnings of $0.00 per share for the first quarter of 2015, compared to net income of approximately $224,000, or basic and diluted earnings of $0.03 per share,... More
