BMP Sunstone has posted a net loss of $1.26m for the third quarter 2010, or $0.03 loss per diluted share, compared to net loss of $208,000 or $0.01 loss per diluted share, for the comparable period in 2009.
BMP Sunstone has posted a revenue of $124.74m for the nine months ended 30 September 2010, compared to $105.37m for the year ago period.
For the nine months ended 30 September 2010, BMP Sunstone has posted a net loss of $23,000, or $0 per diluted share, compared net loss of to $3.91m, or $0.1 loss per diluted share, for the year ago period.
BMP Sunstone CEO David Gao said that they were pleased with their performance in the third quarter.
"We actively increased our activity at our distribution business in an effort to meet potential revenue requirements by the Beijing local government, in order to be qualified for hospital bidding," Gao said.
"In addition, given the seasonality of the cold and flu season which is a principal driver of Sunstone sales, we increased our investment in advertising and marketing.
"Going into the last quarter of 2010, we are seeing healthy demand for our Sunstone products and we believe our revenue mix contributions will normalise within the next several months."