OurPet’s Company develops, produces and markets various
accessories and consumable pet products designed to awaken pets’ natural
instincts. Sold globally, the company’s products are marketed under the brand
names – OurPets® for the Pet Specialty channel, Pet Zone® for food, drug and
mass chains and Petastic® for the value channel. The Company’s sub-brands
Play-N-Squeak™, Cosmic Catnip™, Go! Cat! Go!®, Durapet ™, SmartScoop™ and
Flappy™ have become well known in the pet industry.In total, OurPet’s has an
intellectual property portfolio featuring more than 160 individual patents,
giving the company sustainable access to the pet products industry for the
foreseeable future.
In recent years, the U.S. pet products and services market
has experienced strong growth, with total sales accounting for approximately
$73 billion in 2014, according to a report by Packaged Facts. In 2015, this
strong performance is expected to continue, building on the recent rise in
related ecommerce purchases, as well as an uptick in dog and cat ownership
throughout the country. In order to capitalize on this market performance,
OurPet’s has continued to expand its product line in recent months by
introducing both the Catty Whack® and the Zoom Plume™ products at the Las Vegas
SuperZoo convention for pet retailers earlier this year.
“We are very excited about our new line-up of products,”
Steven Tsengas, chairman and chief executive officer of OurPet’s, stated in a
news release. “Our goal is to create products that work in tandem with pets’
natural instincts to ensure their emotional, mental and physical health while
always helping to increase the bond between pets and their parents.”
In the first quarter of 2015, OurPet’s successfully
leveraged the strong performance of the pet products and services market to
record financial results. The company’s net revenue for the period was just
under $5.6 million, which was a 7.3 percent year-over-year increase.
Additionally, OurPet’s achieved a 59 percent year-over-year increase in net
income, recording more than $213,000 for the quarter.
“We achieved solid results for the first three months of
2015, which included… the second highest first quarter income in four years,”
continued Tsengas.
OurPet’s, through its innovative and extensive line of
popular pet products, is in a favorable strategic position to continue building
upon its recent market growth. For prospective shareholders, this positioning
makes the company an intriguing investment opportunity in the months to come.
Look for OurPet’s to capitalize on steady market performance while providing an
opportunity for the company to realize strong investor returns in the future.
For more information, visit www.ourpets.com
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