SECFilings.com: Innovus Pharma (INNV) Quarterly Revenue Soars Past $1M on 446% Growth With Positive Cash Flow
(firmenpresse) - REDONDO BEACH, CA -- (Marketwired) -- 08/11/16 -- SECFilings.com, a leading financial news and information portal offering free real time public company filing alerts, announces the release of an article covering Innovus Pharmaceuticals'' (OTCQB: INNV) recent quarterly financial results and the numerous upcoming catalysts for the company''s stock.
Innovus announced record revenue of $1 million during the second quarter, driven by its recent acquisition of Beyond Human and organic growth across its core product lines. For the full year, management expects to reach the ''higher end'' of its $3-5 million in projected revenue without factoring in any potential gains from FlutiCare™ -- a nasal allergy spray that''s currently under review by the FDA.
"We have exceeded our commercial expectations, and with the projected launch of Sensum+®, RecalMax™, and Xyralid® in the second half of 2016, we believe that revenues will continue to increase through the balance of 2016 and into 2017 and exceed our projections," said Innovus Pharmaceuticals President & CEO Dr. Bassam Damaj.
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Datum: 11.08.2016 - 04:00 Uhr
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