OurPet’s posts loss due to legal expenses
The fight against a patent infringement lawsuit is taking a bite from the OurPet’s Co.
The maker of pet products on Monday reported a first-quarter net loss of $391,472 despite a 12.5% increase in revenue, to $2.9 million, from the like period a year ago. The company said net income would have been $167,650 excluding litigation expenses in the quarter that totaled $559,122.
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