On May 15, 2012, Lifeway Foods reported results for its first quarter of 2012, ended March 31, 2012.
The company reported 1Q12 revenue increased by 13.1% to $21.5 million versus $19 million in the same period last year. Net income for the quarter was $1.1 million or $0.07 per share versus net income of $1.9 million or $0.12 per share last year.
Taglich Brothers' estimated revenues of $20.8 million and net income of $992,000 million or $0.06 per share.