California-based B2B cartridge supplier announces it has seen sales increase as operating expenses are reduced.
Vital Products, Inc., based in Ontario, has announced that during the three months ending 30 April 2013, the company saw an increase in sales of 17 percent, with operating expenses decreasing by over 35 percent in the same period.
CEO of Vital Products, James McKinney commented: “Our sales go up, while our expenses go down!”, and added that the company’s Form 10-Q for the period “is due to be released later this week [and] will also show we turned a net operating loss last quarter into a net operating profit for this quarter”.
The Recycler recently reported on Vital Products’ increase in sales and profits during the final quarter of its financial year as it progresses well with the development of its business model, with the company expecting gross profit in excess of $200,000 (€154,000) for the period ending 30 April.