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
Financial Results
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.
About Umami
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
http://www.umamiseafood.com.
SOURCE Umami Sustainable Seafood Inc.