| Business Summary | | Nutrition
21,
Inc.,
formerly
AMBI,
Inc.,
concentrates
its
business
primarily
on
research,
development,
manufacturing
and
sales
of
proprietary
nutrition
products.
The
Company
supports
the
value
of
its
Nutrition
Products
with
pharmaceutical-type
clinical
trials
and
patent
filings.
The
Company's
Nutrition
Products
are
developed
for
consumers
concerned
primarily
about
cardiovascular
health,
weight
control
and
blood
glucose
control.
Nutrition
21also
develops,
manufactures
and
markets
essential
trace
elements
used
as
Ingredient
Products
in
nutritional
supplements.
Currently,
the
Company's
primary
product
is
chromium
picolinate.
On
April
3,
2000,
the
Company
launched
NutritionU.com,
Inc.,
an
Internet
company.
NutritionU.com
is
an
online
nutrition
education
network
that
will
offer
patients
and
consumers
interactive
courses
designed
to
increase
their
knowledge
of
nutrition
in
order
to
improve
or
maintain
their
health. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Nutrition
21,
Inc.
is
engaged
in
research,
development,
manufacturing,
and
sales
of
Nutrition
Products.
For
the
nine
months
ended
3/31/01,
revenues
decreased
31%
to
$17.9
million.
Net
income
applicable
to
Common
fell
97%
to
$212
thousand.
Revenues
reflect
lower
selling
prices
of
chromium
picolinate
subsequent
to
the
expiration
of
a
patent
in
August
2000.
Earnings
also
suffered
from
lower
profit
margins
due
to
product
mix,
and
$2.4
million
in
restructuring
charges. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
5,109;
after
tax
earnings
were
716. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| John Gutfreund, 70 Chairman | -- | Gail Montgomery Pres,
CEO, Director | -- | Gerald Shapiro, 53 CFO,
VP of Fin. and Admin. | $213K | Benjamin Sporn, 62 Sr.
VP, Gen. Counsel and Sec. | 265K | Jonathan De la Harpe, Ph.D., 55 Sr.
VP, Commercial Operations | 213K | Dollar amounts are as of 30-June-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
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