Muscle Pharm Corp. (MSLP)
The Company was founded in 2008 by Bradley Pyatt and Cory Gregory in Denver, Colorado. Its first products to really take hold in the market were "Assault" and "Combat Powder," which are pre- and post-workout nutritional powders, respectively.
Income Statement:
Period Ending
Dec 31, 2013
Dec 31, 2012
Dec 31, 2011
Total Revenue
110,878
67,055
17,213
Cost of Revenue
77,685
52,727
14,845
Gross Profit
33,192
14,328
2,368
Operating Expenses
Research Development
Selling General and Administrative
47,489
23,064
18,588
Non Recurring
Others
Total Operating Expenses
Operating Income or Loss Income from Continuing Operations Total Other Income/Expenses Net
(14,296)
(8,736)
(16,220)
(2,523) (16,819) 783 (17,602) 115
(2,882)
(3,350) (19,570) 3,711 (23,281)
Earnings Before Interest And Taxes
(11,618)
Interest Expense
7,335 (18,953)
Income Before Tax
Income Tax Expense
Minority Interest
Net Income From Continuing Ops Non-recurring Events
(17,718)
(18,953)
(23,281)
Discontinued Operations
Extraordinary Items Effect Of Accounting Changes Other Items Net Income Preferred Stock And Other Adjustments Net Income Applicable To Common Shares
(17,718)
(18,953)
(23,281) 0 (23,281
(17,718)
(18,953)
Over the last three years, both revenue and net profit have trended upward dramatically. This has most likely occurred due to better brand recognition, an introduction of a plethora of new products, and higher demand for fitness products in the marketpl