The company sold 219,255 cases of Skinny Water for the period ending 31 March 2010 compared to 133,265 cases for the same period in 2009, an increase of 65% (1 case = 12x 16oz bottles). This represents the most sales in a quarter in the history of the company.
These improvements are a result of the company increasing the volume of product shipments due to the development of its relationship with national chains and the increase in its distribution network to 56 distributors in 26 states, which service approximately 5,000 chain outlets.
“We’re very pleased with the growth of Skinny Water in the cold winter months,” said Michael Salaman, chairman of Skinny Nutritional Corp. “We’ve spent a lot of time in 2009 on upgrading our distribution network. We’re now starting to see the results of these upgrades. This is the most cases we’ve sold in a quarter and we’re looking forward to getting into our prime selling season this summer.”
The company incurred a net loss from operations of $1,036,873 for the three months ended 31 March 2010, inclusive of a non-cash loss of $495,356 as compared to a net loss of $847,827, inclusive of non-cash loss of $240,308 for the three months ended 31 March 2009.
Source: Skinny Nutritional
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