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Ocean Bio Chem Inc  (OBCI)
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    Sector  Basic Materials    Industry Chemical Manufacturing


Income Positive Again, but on the slower pace

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Ocean Bio Chem Inc announced first quarter 2017 operating income of $0.742336 millions

Due to strong revenue growth company turned into profitability, Sales grew by 24.32 % to $8 millions, earnings per share were at $0.05, compare to $-0.06 in the same quarter a year ago.

Sequentially income improved by 0.38 % from $0.05 per share and Sales decreased by -1.55 % from $9 millions.

Company achieved net income of $1 millions in the first quarter 2017 an improvement versus a net loss of $-1 millions in the same quarter a year ago. Ocean Bio Chem Inc also emphasized it's improving profit margins, where net margin rose to 6% in first quarter 2017, and operating margin edged up to 8.85%.
Other OBCI's Earnings Reports

Ocean Bio Chem Inc reported forth quarter 2016 earnings

Ocean Bio Chem Inc reported third quarter 2016 earnings

Ocean Bio Chem Inc reported second quarter 2016 earnings

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