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Ocean Bio Chem Inc  (OBCI)
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EARNINGS REPORT by CSIMarket

Earnings down on soft Sales

Ocean Bio Chem Inc announced first quarter 2020 operating surplus of $0.691182 millions

plant_with_tanks_By_Alexandr_2012_(Own_work)__[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_CommonSales and earnings fell in sympathy in the first quarter 2020, where income fell by -12.5 % to $0.07 per share and revenue by -13.89 % year on year. Revenue were at $8 millions compare to $9 millions in the same quarter a year ago.

From preceding quarter, income per share increased by 11.41 % from $0.06 per share and Sales fell by -19.64 % from $10 millions.

Net income of $0.627 millions in the first quarter 2020 fell by -12.35 % from break-even in the corresponding period a year before. Although operating margin fell to 8.84%, in the first quarter 2020, the company's net margin actually improved to 8.02%.


Ocean Bio Chem Inc is expected to report next financial results on November 13, 2020.


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Other OBCI's Earnings Reports

Ocean Bio Chem Inc reported fourth quarter 2019 earnings

Ocean Bio Chem Inc reported third quarter 2019 earnings

Ocean Bio Chem Inc reported second quarter 2019 earnings

       
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