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Micro-Cap in News; MusclePharm Corporation (MSLP)

By Warren Paige

MusclePharm Corporation (OTC: MSLP), a developer, manufacturer and marketer of nutritional supplements for athletes, recently reported its preliminary 2012 first-quarter financial results.

MSLP’s net sales for the first quarter ended March 31, 2012 were approximately $19 million, up from $4 million reported in the first quarter of 2011. The year-over-year increase in net sales was driven by 400% growth in International sales.

Income from operations for the first quarter came in at approximately $1 million, compared with loss from operations of $1 million reported for the same period in the previous year.

MSLP CEO Brad Pyatt said that at the end of the first quarter, the company had a sales backlog of $4.3 million, which was shipped during the second quarter.

Last week, MusclePharm announced that due to the FDA ban on substance DMAA, it expects to capture a wider market share. DMAA, which is used by many supplement companies in their products, is not used by MSLP in any of its products. The substance has been banned by the FDA due to potentially fatal side effects.

May 7th, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.