Umami Reports Second Quarter Results for Fiscal Year 2012
SAN DIEGO, California, February 13, 2012 /PRNewswire/ –
Umami Sustainable Seafood Inc. (OTCBB:UMAM), a holding company of fish farms supplying
sashimi-grade Northern Bluefin Tuna to the global market, today announced its second
quarter financial results for the period ended December 31, 2011.
Second Quarter Highlights
- Net revenue: $55.6 million - Gross margin: 49.9% - Operating income: $24.1 million - Net income: $16.9 million - Basic net income per share: $0.29 - Diluted net income per share: $0.28
Net revenue was $55.6 million for the three months ended December 30, 2011. Umami is
not providing period-over-period comparisons in this release because it believes they are
of little use to investors because of significant timing differences in net revenue and
related costs between these two periods. For an in-depth discussion of Umami’s financial
results for the period ended December 31, 2011, please see Umami’s Quarterly Report on
Form 10-Q for the quarter ended December 31, 2011, which was filed with the Securities and
Exchange Commission today.
Umami Sustainable Seafood Inc. (OTCBB:UMAM) fishes for and farms Bluefin Tuna by employing
environmentally sound fishing practices and fish farming practices, referred to as
aquaculture. Umami owns and operates Kali Tuna, a Croatian-based aquaculture operation
raising Northern Bluefin Tuna in the Croatian part of the Adriatic Sea. It also owns and
operates Baja Aqua Farms, a Mexico-based operation for Pacific Bluefin Tuna in the Pacific
Ocean off Baja California, Mexico. For more information, please visit
SOURCE Umami Sustainable Seafood Inc.