Kenosha-based Pacific Sands Inc. reported that its fiscal third quarter sales revenue was $573,053, an increase of 33 percent compared with revenue in fiscal third quarter 2012.
For the nine months ended March 31, sales rose 20 percent compared with the nine months ended March 31, 2012.
“We believe our increased and very targeted investments in manufacturing and additional promotion during the last several quarters are producing positive results in driving and supporting sales,” said Michael Michie, president and CEO. “In prior years, the capital to support the company’s accelerated sales growth came from the issuance of additional shares of common stock. With the company on the threshold of profitable operations, the policy going forward has been to restrict new share issuance to a minimum.”
Pacific Sands manufactures “environmentally friendly,” non-toxic pool and spa treatment products, and liquid and powder cleaning, laundry, and personal care products, today announced revenue for the fiscal third quarter ended March 31, 2013.
The company said it is currently seeking a bank line of credit to support future sales growth. With a backlog of unfilled sales from the third quarter and increased sales levels from existing customers in the first week of the new quarter, the company said it believes fiscal fourth quarter could produce another quarterly sales record. Sales for the fiscal year ending June 30 are expected to be double the revenue generated in the fiscal year ended June 30, 2010.
“We are very optimistic that the work accomplished in the past several years to expand capacity, significantly reduce debt, and build sales volume has positioned Pacific Sands for continued revenue growth and to achieve consistent profitability in the near future,” said Michie. “Our products continue to meet with success and have been well-received by the trade and by end-users. We have structured our manufacturing to be very scalable, so we are confident in our ability to efficiently and cost-effectively meet increased future demand.”
