Matrixx Initiatives, Inc. Reports Q3 EPS $(1.21)

Matrixx Initiatives, Inc. (Nasdaq: MTXX) today announced financial results for its fiscal third quarter and nine months ended December 31, 2010.

For the third quarter ended December 31, 2010, the Company reported net sales of $20.3 million, or 29% below the $28.5 million in net sales for the comparable quarter last year. The Company reported a net loss for the quarter ended December 31, 2010 of $11.3 million, or $(1.21) per diluted share, compared to net income of $3.8 million, or $0.41 per diluted share, for the quarter ended December 31, 2009.