Ellen AB Reports Audited Earnings Results for the Second Quarter and Six Months Ended June 30, 2012
August 30, 2012 at 11:30 am EDT
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Ellen AB reported audited earnings results for the second quarter and six months ended June 30, 2012. For the quarter, the company reported total revenue of SEK 5,454,000 against, operating loss of SEK 1,608,000, loss before tax and loss for the period of SEK 1,459,000 or SEK 0.03 loss per share before and after dilution compared to total revenue of SEK 5,227,000, operating loss of SEK 1,079,000, loss before tax and loss for the period of SEK 763,000 or SEK 0.02 per share before and after dilution for the same period a year ago. Cash flow from operating activities was SEK 672,000 against cash used in operating activities of SEK 1,129,000 for the same period a year ago. Acquisition of intangible assets was SEK 219,000 against SEK 292,000 a year ago. Operating loss before depreciation and amortization (LBITDA) was SEK 1,442,000 against SEK 812,000 for the same period a year ago.
For the period, the company reported total revenue of SEK 11,515,000 against, operating loss of SEK 1,785,000, loss before tax and loss for the period of SEK 1,612,000 or SEK 0.03 loss per share before and after dilution compared to total revenue of SEK 10,118,000, operating loss of SEK 2,231,000, loss before tax and loss for the period of SEK 1,730,000 or SEK 0.03 per share before and after dilution for the same period a year ago. Cash used in operating activities was SEK 1,548,000 against SEK 740,000 for the same period a year ago. Acquisition of intangible assets was SEK 335,000 against SEK 292,000 a year ago. Operating loss before depreciation and amortization (LBITDA) was SEK 1,453,000 against SEK 1,696,000 for the same period a year ago.
Ellen AB is a Sweden-based biotechnology company that produces probiotic sanitary protection products for women. The Companyâs main product, Ellen tampon, contains patented natural lacto acid bacteria, Lacto Naturel (LN), and is used for maintaining the vaginal health. The Ellen tampon is made of natural fibers treated with the substance LN, which consists of human lactic acid bacteria, a natural part of healthy women's defense against infections. Ellen AB distributes its products in 37 countries, including Scandinavian countries, France, Germany, Czech Republic, Spain, Portugal, Poland and Belgium, among others. As of December 31, 2011, the Company had two subsidiaries, including the wholly owned Ellen Australia pty LTD and the 70%-owned Ellen Asia LTD. As of December 31, 2011, its largest shareholder was Banque Ohman S.A. (18.73%). On July 3, 2013, it launched an online store, www.ellen.se, where customers can search for products' information and shop online.
ELLEN AB 
