Penny Stock News: Nutrition 21 Announces Financial Results for 3rd Quarter Fiscal Year 2011

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PURCHASE, NY–(Marketwire – May 13, 2011) – Nutrition 21, Inc. (OTCBB: NXXI), the
developer and marketer of clinically substantiated nutritional ingredients
for dietary supplements, foods and beverages, and animal nutrition, today
announced financial results for its third fiscal quarter ended March 31,
2011.

The Company reported total revenues from continuing operations of $1.3
million for the third quarter ended March 31, 2011, compared to $1.7
million in the corresponding quarter a year ago. Net loss from continuing
operations for the third quarter this year was $0.8 million, or ($0.01) per
diluted common share, compared to a net loss of $0.7 million, or $(0.01)
per diluted common share, in the corresponding quarter a year ago.

For the nine months ended March 31, 2011, the Company reported total
revenues from continuing operations of $4.8 million compared to $6.0
million in the comparable period a year ago. Net loss from continuing
operations for the nine months ended March 31, 2011 was $2.3 million
compared to $1.8 million in the comparable period a year ago.

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Article source: http://www.marketwire.com/press-release/nutrition-21-announces-financial-results-for-3rd-quarter-fiscal-year-2011-otcbb-nxxi-1514417.htm