Palm Beach, FL 12/2/11 (StreetBeat) --The Female Health Co. (Nasdaq:FHCO) said Friday its fiscal fourth-quarter earnings fell 18 percent, as operating expenses climbed and revenue dropped compared to last year's quarter, when the female condom maker set a sales record.The Chicago company earned $4.5 million, or 16 cents per share, in the three months that ended Sept. 30. That compares with earnings of $5.5 million, or 19 cents per share, in last year's quarter.
Revenue fell 9 percent to $7.1 million.
The company said unit sales fell to 12 million from 13.8 million in last year's quarter, and the company's performance was affected by delays in the receipt of large orders from Brazil and South Africa.
It expects to benefit from those orders in the next fiscal year and said it anticipates significant quarter-to-quarter variations in operating results due to the timing of large orders. The Female Health Co. also said it expects demand for its FC2 condoms to increase as governments, public health agencies and other groups seek protection for women from HIV infections.
For the fourth quarter, the company also said total operating expenses climbed 24 percent to $1.9 million in the quarter.
For the full fiscal year, The Female Health Co. earned $5.4 million, or 19 cents per share, on $18.6 million in revenue.
In morning trading, shares of the company rose 15 cents, or 3.5 percent, to $4.50.
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