OurPet’s Co. (OPCO) Market Position leveraged by Innovation and Brand Awareness

By @ibtimes on

OurPet’s Company was founded in 1995, positioned to capitalize on a rapid growth spurt in the pet market industry, which grew from $17 billion in 1994 to $40.8 billion in 2008, according to the American Pet Product Manufacturers Association (APPMA). OurPet’s strong brand identity, innovation and customer loyalty has accelerated growth for the company itself, with a growth rate overshadowing the industry as a whole.

The company designs, produces and markets a wide range of accessory and consumable pet products both domestically and abroad. OurPet’s portfolio of Websites includes www.smartscoop.com, www.ecopurenaturals.com, www.playnsneak.com, www.flappydogtoys.com, www.clipnosis.com and www.hideperchandgo.com

For the fourth quarter of 2010, the company reported record financial results, fueled by organic growth and the integration of Cosmic Pet Products, which sold inventory, equipment and product rights to OurPet’s, effective July 29, 2010.

Net revenue increased 25 percent to a record $4.69 million, compared to $3.74 million reported for the fourth-quarter of 2009. Gross profit increased 11 percent to $1.24 million from 30.0 percent for the fourth quarter of 2009. Income from operations doubled to $455,329 for the quarter, up from $225,730 in the comparable quarter of 2009. Net income increased 24 percent to $396,533 for the fourth quarter, up from $319,136 for the same quarter of 2009.

For more information visit www.ourpets.com

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