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Global Innovation Releases Q1 Report

Published: 14 March 2008
 by Staff

WYLIE, TX – Global Innovation has released its first quarter revenue report.

The company has reported that for the three months ending January 31, net sales increased from $8,090,218 in 2007 to $8,296,007 over the same period in 2008, for an increase of 2.5%.

For the six months ending January 31, 2008, net sales decreased to $16,735,779 from $17,512,914 for the same period in 2007, down 4.4%.

Gross profit for the three months ending January 31, 2008 was $1,932,569, as compared to $1,374,063 for the same period last year, for an increase of 40.6%. Gross profit for the six months ending January 31, 2008 was $3,722,414, versus a gross profit of $3,120,715 in 2007, for an increase of 19.3%

The company reports that they are realizing cost savings as a result from initiatives implemented over the last four quarters.

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