Prolong International Reports First Quarter 2004 Results - aftermarketNews

Prolong International Reports First Quarter 2004 Results

Prolong International Corp., parent of Prolong Super Lubricants, Inc., manufacturer and marketer of patented consumer automotive, commercial/industrial and household products, has announced financial results for the first quarter, which ended on March 31.

IRVINE, CA — Prolong International Corp., parent of Prolong Super Lubricants, Inc., manufacturer and marketer of patented consumer automotive, commercial/industrial and household products, has announced financial results for the first quarter, which ended on March 31.

For the first quarter of 2004, the company reported a net loss of $510,000 or (two cents) per diluted share, on net sales of $2.3 million, compared to a net loss of $188,000, or one cent per diluted share, on net sales of $2.2 million in the same period a year ago.

Gross profit was $1.5 million, or 65 percent of net sales, for the first quarter of 2004 compared to $1.4 million, or 65.6 percent of net sales, in the first quarter of 2003. Selling and marketing expenses for the first quarter of 2004 were $1,064,000, or 46.3 percent of net sales, compared to $857,000, or 39.1 percent of net sales, for the comparable period a year ago. General and administrative expenses were $757,000, or 32.9 percent of net sales, for the first quarter of 2004, compared to $741,000, or 33.9 percent of net sales, for the comparable period a year ago.

For more information, go to: www.prolong.com.

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