OurPet’s Company (OPCO) Announces Record Financial Results for Fourth Quarter 2015
Before the opening bell, OurPet’s Company (OTCQX: OPCO) announced its financial results for the fourth quarter of 2015, which included record net revenue and net income. In particular, the company achieved a 10 percent year-over-year increase in net income, recording $450,592 for the three-month period. The company’s net income increased roughly 74 percent over the full 12 months of 2015, as compared to the previous year, bolstered by specific management initiatives that resulted in lower fixed costs, product costs and selling, general and administrative expenses. OPCO’s net revenue also rose slightly, as compared to the fourth quarter of 2014, to…