Announces Fourth Quarter and 2008 Annual Financial Results - 53% Increase in Net Sales as compared to last year - 65% Increase in Gross Profit as compared to last year DENVER, / - / -- XELR8 Holdings, Inc. XELR), a provider of functional foods, beverages and nutritional supplements, announced today its 2008 Financial results for the year ended. Gross profit grew to $1.1 million for the three months ended , up 30% from $0.8 million in the prior. Financial and operational highlights for fourth quarter and year ended. -- Revenues increased 25% in the fourth quarter and 53% for the year ended -- Gross profit was $1.1 million in the fourth quarter and $5.7 million for the year ended , improvements of 30% and 65% respectively compared to same periods one year ago -- Cash and cash equivalents were $1.6 million as of Total revenue for the fourth quarter ended was $1.45 million, a 25% increase compared to total revenue of $1.17 million for the fourth quarter ended. |