Whitewing Labs Reports Reduced Quarterly Losses

Whitewing Labs, a Mission Hills marketer of nutritional supplements, reported reduced losses for the third quarter, which ended Sept. 30. Revenue for the nine months that ended Sept. 30 grew by nearly 50% compared with the same period in 1997.

Net sales for the 1998 third quarter were $629,481, down from the $987,518 posted in the 1997 period. Net sales for the first nine months of 1998 came to $3.3 million, against $2.2 million reported for the same period in 1997.

The net loss for the third quarter was $106,633, or 4 cents per share, compared with a 1997 third-quarter-loss of $136,272, or 5 cents per share.