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AOXG OTCM· Aoxing Pharmaceutical Company Inc.
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AOXG OTCM· Aoxing Pharmaceutical Company Inc.
Earnings report Q3 2014

AOXG Reports Strong Revenue Growth in Latest Quarter

Segments of revenue

AOXG reported sales of $4.57 million for the quarter ended September 30, 2014, representing a significant increase from $3.58 million in the same quarter last year. The company's revenue growth was primarily driven by higher sales in all segments.

Strengths

AOXG demonstrated strong revenue growth in the latest quarter, reflecting the company's ability to effectively capitalize on market opportunities. The increase in sales can be attributed to the successful execution of the company's sales and marketing strategies, as well as the introduction of new products. Management highlighted the positive impact of their research and development efforts, which resulted in the successful launch of innovative products that resonated well with customers. Additionally, AOXG's focus on cost management and operational efficiency contributed to the improvement in gross profit margin.

Challenges

Despite the overall positive performance, AOXG faced challenges in managing operating expenses. Research and development expenses decreased compared to the same quarter last year, but general and administrative expenses and selling expenses remained relatively high. The company should continue to monitor and optimize its cost structure to improve profitability.

Noteworthy

It is worth noting that AOXG reported a net loss attributable to shareholders of $7,872 for the quarter ended September 30, 2014, compared to a net loss of $2.23 million in the same quarter last year. The decrease in net loss can be attributed to the reduction in other expenses, primarily interest expense. Furthermore, the company mentioned that 95% of Hebei Aoxing's income was attributed to the non-controlling interest, which impacted the net loss attributable to AOXG's shareholders.

Summary

AOXG delivered a strong performance in the latest quarter, with significant revenue growth driven by successful sales and marketing strategies, as well as the introduction of innovative products. The company's focus on cost management and operational efficiency contributed to improved profitability. However, AOXG should continue to address challenges related to managing operating expenses. Overall, AOXG's financial performance reflects its ability to adapt to market dynamics and capitalize on growth opportunities.

Source documents

Form 10-Q  filed on Nov 14, 2014
20 pages scanned

Reference data

Company financials Q3 revenue 5.7M
Analyst estimates Q3 EPS missed by NaN%
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