SMBL Smart Balance Inc featured news, full reports, and detailed charts
Smart Balance Inc (SMBL) Wrap Up:
We were incorporated in Delaware on May 31, 2005 under the name Boulder Specialty Brands, Inc., as a blank check company formed to serve as a vehicle for the acquisition, through a merger, capital stock exchange, asset acquisition or other similar business combination with a then currently unidentified operating business and/or brand in the consumer food and beverage industry whose net assets constituted at least 80% of our net assets. The net proceeds from our initial public offering in December 2005 were $99.5 million. Of this amount, approximately $98.4 million (including deferred underwriting discounts and commissions of approximately $3.6 million) was deposited in trust pending our initial business combination. On May 21, 2007, we completed a merger with GFA Brands, Inc. (“GFA”), which owns and markets the Smart Balance® line of products, among others. GFA is our wholly-owned subsidiary. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f14%2f0001144204-08-015298.html#FIS_BUSINESS"www.smartbalance.com
60 Employees
Smart Balance, Inc (SMBL:NASDAQ)
LAST $5.49 USD
CHANGE TODAY +0.11 2.04%
VOLUME 423.3K
As of 4:00 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Smart Balance, Inc (SMBL)
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OPEN
$5.37
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PREVIOUS CLOSE
$5.38
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DAY HIGH
$5.49
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DAY LOW
$5.33
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52 WEEK HIGH
05/7/09 - $8.73
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52 WEEK LOW
11/21/08 - $4.58
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MARKET CAP
343.8M
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AVERAGE VOLUME 3 mo
791.8K
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DILUTED EPS TTM
$0.01
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SHARES OUTSTANDING
62.6M
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SMBL Does Not Pay Dividends
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P/E TTM
450.4x
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| K = Thousands M = Millions B = Billions | ||
related news
A Smart Balance of Staff and Contractors
06/16/2009 11:46 AM ET
How the fast-growing food company integrates its small permanent staff with a sizable contractor workforce
related news
Smart Balance to develop Bestlife brand products
AP Digital - 11/17/2009 4:28 PM ET
SMBL Top Compensated Officers
Mr. Steve Hughes
Founder, Executive Chairman and Chief Executi...
Age: 54
Total Annual Compensation: $500.0K
Mr. Alan S. Gever
Chief Financial Officer and Executive Vice Pr...
Age: 54
Total Annual Compensation: $275.0K
Mr. Robert S. Gluck
Vice Chairman, Chief Operating Officer and Me...
Age: 58
Total Annual Compensation: $400.0K
Mr. John F. Konzelmann
Principal Accounting Officer, Vice President ...
Age: 61
Total Annual Compensation: $206.3K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for Smart Balance, Inc (SMBL)
Smart Balance, Inc - Conference Presentation Call
11/13/2009
Smart Balance, Inc - Conference Presentation Calls
Smart Balance Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009; Provides Earnings Guidance for the Fourth Quarter and Full Year of 2009
11/5/2009
Smart Balance Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net sales of $59.806 million, operating income of $3.458 million, income before income taxes of $2.087 million and net income of $1.271 million or $0.02 per diluted share against net sales of $57.532 million, operating income of $2.575 million, loss before income taxes of $2.387 million and net loss of $1.614 million or $0.03 per diluted share for the same period last year. For the nine months, the company reported net sales of $180.590 million, operating income of $9.184 million, income before income taxes of $5.026 million and net income of $3.408 million or $0.05 per diluted share against net sales of $156.311 million, operating income of $4.035 million, loss before income taxes of $6.862 million and net loss of $4.327 million or $0.07 per diluted share for the same period last year.
Smart Balance, Inc expected to Report Fiscal Year 2009 Results on February 22, 2010. This event was calculated by Capital IQ (Created on November 5, 2009).
11/5/2009
Smart Balance, Inc expected to Report Fiscal Year 2009 Results on February 22, 2010. This event was calculated by Capital IQ (Created on November 5, 2009).
SMBL Competitors
| Company | Last | Change |
| ConAgra Foods Inc | $22.35 USD | -0.02 |
| Kraft Foods Inc | $27.17 USD | +0.20 |
| Unilever | 1,787 GBX | +12.00 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | SMBL | Industry Range |
| Price/Earnings | 100.0x |
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| Price/Sales | 1.4x |
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| Price/Book | 0.8x |
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| Price/Cash Flow | 448.2x |
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| TEV/Sales | 1.1x |
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SMBL |
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SMBL transactions
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| No transactions in the last 6 months. | ||
More Recent News About Smart Balance Inc
More news for SMBL
Smart Balance moves to 3Q profit on higher sales
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SMART BALANCE, INC. Files SEC form 8-K, Results of Operations and Financial Condition
Show all filings for SMART BALANCE, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for SMART BALANCE, INC. 5-Nov-2009Results of Operations and Financial Condition Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purpose...Click here to read the whole Article (external link)
Smart Balance, Inc. Announces 2009 Third Quarter Results
PARAMUS, N.J., Nov. 5 /PRNewswire-FirstCall/ -- Smart Balance, Inc. (Nasdaq: SMBL - News) today announced its results for the third quarter ended September 30, 2009. The Company reported net sales of $59.8 million, an increase of 4.0% versus last year, and earnings per share of $0.02, versus a loss of $0.03 per share in 2008.The third quarter net sales increase versus 2008 was due to a 9% volume growth in case shipments partially offset by higher promotional spending and new product introduction investments. The improvement in earnings per share was due to increased gross profits and lower financing-related costs, partially offset by higher operating expenses.The Company increased market share in its core category of spreads by 0.9 points to 15.0% in the third quarter versus the same quarter in 2008, representing the 31(st) consecutive quarter of market share growth, according to Information Resources, Inc. (IRI) data.Gross profit margin for the quarter improved to 49.8% versus 43.8% for the third quarter of 2008, due to lower commodity costs partially offset by higher promotion expenses."We delivered solid financial results with strong margin and profit growth, together with share growth in our core category of spreads despite continued heavy promotional spending by our competition," said Stephen B. Hughes, Smart Balance, Inc. Chairman and CEO.The Company's fourth quarter outlook reflects case shipment volume growth of 4 to 8 percent versus last year. Net sales growth will be approximate...Click here to read the whole Article (external link)
SMART BALANCE, INC. Financials
PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue59,806 58,185 62,599 65,561 Cost of Revenue30,046 29,912 34,345 38,506 Gross Profit29,760 28,273 28,254 27,055 Operating ExpensesResearch Development - - - - Selling General and Administrative26,303 25,754 25,046 25,396 Non Recurring - - - - Others - - - - Total Operating Expenses - - - - Operating Income or Loss3,457 2,519 3,208 1,659 Income from Continuing OperationsTotal Other Income/Expenses Net(134)(855)404 (6,047)Earnings Before Interest And Taxes3,323 1,664 3,612 (4,388)Interest Expense1,238 656 1,679 (719)Income Before Tax2,085 1,008 1,933 (3,669)Income Tax Expense816 15 787 (1,028)Minority Interest - - - - Net Income From Continuing Ops1,269 993 1,146 (2,641)Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - Effect Of Accounting Changes - &n...Click here to read the whole Article (external link)
New Star Analyst Rankings for Smart Balance Inc
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Copyright © 1999-2003, StarMine Corp. All rights reserved.StarMine Corp. derives analyst ratings from estimate and recommendation data supplied by Thomson Financial.Historical chart data and daily updates provided by Commodity Systems, Inc. (CSI). International historical chart data, daily updates, fund summary, fund performance, dividend data and...Click here to read the whole Article (external link)
SMART BALANCE, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financial Ob
Item 1.01. Entry into a Material Definitive Agreement. On November 4, 2009, Smart Balance, Inc. (the "Company"), through its wholly-owned subsidiary GFA Brands, Inc. (the "Borrower"), entered into a Credit Agreement (the "Credit Agreement") with the various Lenders named therein (the "Lenders"), and Bank of Montreal, as Administrative Agent (the "Agent"). The Credit Agreement provides for $100 million in secured debt financing consisting of a $55 million term loan (the "Term Loan") and a $45 million revolving credit facility (the "Revolver"). The Revolver includes a $5 million sublimit for the issuance of letters of credit and a $5 million sublimit for swing line loans. Subject to certain conditions, the Borrower, to the extent existing Lenders decline to do so by adding additional Lenders, may increase the Term Loan or increase the commitments under the Revolver (or a combination of the two) up to an aggregate additional amount of $5 million, at the Borrower's option. The Credit Agreement replaced the Company's prior first lien and second lien credit facilities with Bank of America Securities LLC and Bank of America, N.A. (the "Prior Facilities"). As of September 30, 2009, outstanding debt under the Prior Facilities totaled approximately $65 million. Proceeds of the Credit Agreement were used to repay the debt outstanding under the Prior Facilities and may also be used for general corporate purposes and general working capital purposes. The Term Loan and the loans made pursuant to the Revolver will mature on November 3, 2013. The Credit Agreement requires annual principal payments on the Term Loan of $5.5 million. Loans outstanding under the Credit Agreement will bear interest, at the Borrower's option, at either a base rate (defined in the Credit Agreement as the greatest of (i) 2.5%, (ii) the Agent's prime rate, (iii) the federal funds rate plus 0.50% and (iv) a reserve adjusted one-mont...Click here to read the whole Article (external link)
Smart Balance to Present at Citi Small and Mid Cap Conference
Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....Click here to read the whole Article (external link)
Smart Balance to develop Bestlife brand products
Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....Click here to read the whole Article (external link)
Smart Balance, Inc. Acquires Global Rights to Develop Bestlife(TM) Brand Products
PARAMUS, N.J., Nov. 17 /PRNewswire-FirstCall/ -- Smart Balance, Inc. announced today it has signed an exclusive global agreement with the Best Life Corporation to develop a popularly priced Bestlife(TM) brand, consisting of food and beverage products that offer great taste, nutrition and convenience. The Bestlife(TM) brand is a new venture between Smart Balance, Inc. and Bob Greene, well known as Oprah's personal trainer and creator of the Best Life(TM) healthy lifestyle program. Bob Greene is a nationally recognized fitness and nutrition expert with a loyal following who has authored books selling millions of copies. His fitness counsel is featured regularly on Oprah's television show and in O The Oprah Magazine® as well as on the popular www.TheBestLife.com website. The Best Life(TM) seal of approval is currently on nationally distributed products in 22 food and beverage categories generating over $3.5 billion in revenues.(1)"I am delighted to announce our partnership with Bob Greene that will bring his fitness and nutrition vision to life through a broad range of great tasting products to enhance healthy living," said Stephen Hughes, Smart Balance, Inc. Chairman and CEO. "The Bestlife(TM) brand enables us to leverage our unique business model and innovation platform to offer a popularly priced wellness brand appealing to a wide range of consumers that will complement our premium Smart Balance® brand.""Smart Balance, with its focus on great taste and healthier products, is the perfect company for the Best Life Corporation to partner with to help millions of consumers with their daily food choices," said Bob Greene. "I l...Click here to read the whole Article (external link)
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