Female Health Co (FHCO) Shares Jump Over 25% on Positive Earnings Report

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Shares of Female Health Co (NASDAQ:FHCO) are up big this morning after the company released their 2016 First Quarter Operating Results. For the quarter ended, December 31, 2015, they reported that unit sales have increased year-over-year by 27% to $15.4 million (12.2 million last year). Additionally, gross profit was up 41% to 5.4 million, and diluted EPS was up $0.05 per share, compared to $0.03 last year (and increase of 67%).

Net revenues for the quarter came in 24% higher that last year at an astounding $8.2 million, and operating income increased 65% to $2.4 million.

“We are pleased with the first quarter performance which was driven by strong growth in unit sales, net revenues and operating income,” stated O. B. Parrish, Chairman and Chief Executive Officer of The Female Health Company.

“We believe long-term demand for female condoms continues to increase for two reasons. First, the global need for effective ways to prevent sexually transmitted infections, including HIV/AIDS, and unintended pregnancies continues to expand. And second, the organized advocacy on a gender equity basis by independent women’s and other groups for increased investment in and availability of female condoms continues to gain momentum. Women account for more than 50% of all new HIV/AIDS cases, and AIDS remains the leading cause of death globally among women 15-44 years of age.”

The stock is up 26.56% or $0.34 following the news, hitting $1.62 per share. About 727,870 shares traded hands or up 574.92% from the average. fhco has declined 39.91% since June 26, 2015 and is currently downtrending. It has underperformed the S&P500 by 32.19%.

The Female Health Company, is a Female Condom company. The company has a market cap of $37.86 million. The Firm is engaged in manufacturing, marketing and selling FC2 Female Condom . It has 10.76 P/E ratio. FC2 is used for both disease prevention and family planning, the public health sector is the Company’s market.

#focuskw=’Female Health Co (NASDAQ:FHCO)’##metadesc=’Shares of Female Health Co (NASDAQ:FHCO) are up big this morning after the company released their 2016 First Quarter Operating Results. For the quarter ended, December 31, 2015, they reported that unit sales have increased year-over-year by 27% to $15.4 million (12.2 million last year). Additionally, gross profit was up 41% to 5.4 million, and diluted EPS was up $0.05 per share, compared to $0.03 last year (and increase of 67%).

Net revenues for the quarter came in 24% higher that last year at an astounding $8.2 million, and operating income increased 65% to $2.4 million.

“We are pleased with the first quarter performance which was driven by strong growth in unit sales, net revenues and operating income,” stated O. B. Parrish, Chairman and Chief Executive Officer of The Female Health Company.

“We believe long-term demand for female condoms continues to increase for two reasons. First, the global need for effective ways to prevent sexually transmitted infections, including HIV/AIDS, and unintended pregnancies continues to expand. And second, the organized advocacy on a gender equity basis by independent women’s and other groups for increased investment in and availability of female condoms continues to gain momentum. Women account for more than 50% of all new HIV/AIDS cases, and AIDS remains the leading cause of death globally among women 15-44 years of age.”

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