Inergetics Management is Aware of the Issues - BrokerBank Securities
Jun 22, 2015, 07:00 ET
NEW YORK, June 22, 2015 /PRNewswire/ -- Inergetics Inc. (OTCBB: NRTI) through its subsidiary is a research based bio-nutraceutical company that is involved in the field of nutritional science, recently released its 2015 Q1 financial results. The highlight of these results includes a significant decline in revenues and a modest decrease in operating loss resulting from cost cutting measures undertaken by management. Inergetics Inc. posted an operating loss of $2.14 million in the Q1 2015 compared an operating loss of $3.02 million in same quarter, a year earlier. This is the only bit of brightness coming out of this latest financial release and shows that management can effectively reduce costs. The loss in revenue has management worried as they had stated that the current revenue is insufficient for ongoing operations.
Though management has been relatively successful at reducing costs, more importantly is increasing revenues so that the company can continue to operate effectively.
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