IGI, Inc. (IG) Announces Second Quarter 2007 Results
8/15/2007 12:06:24 PM
BUENA, N.J.--(BUSINESS WIRE)--IGI, INC. (AMEX:IG) announces business highlights and second quarter 2007 financial results.
* Quarterly sales revenues hit $1 million dollars for the first time in 12 quarters
* Total revenues increased 34% in the second quarter of 2007 compared to first quarter 2007
* Net losses were reduced by 58% from first quarter to second quarter
* Initiated new product development for launch in 2008, 2009, and 2010
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