MusclePharm Corp. (MSLP) Reports Preliminary Results for Second Quarter 2011
MusclePharm Corp., an expanding U.S. nutritional supplement company, was pleased to report today its preliminary financial results for the first quarter ended June 30, 2011. On a preliminary basis, the company anticipates unaudited gross revenues for the three months ended June 30, 2011 of approximately $4,000,000, an outstanding increase of approximately 854% as compared to gross revenues of $468,109 during the corresponding three month period ended the year prior. Gross Margins for the first quarter of 2011 are expected to have increased to approximately 35%, or $1,320,000, as compared to gross margins of approximately 23%, or $106,859, in the second…