After several dismal quarters, Chatsworth-based Natrol Inc. managed to post a profit in the first quarter. The company reported a net income of $73,000, or $0.01 per share, on net sales of $17 million, compared with a net loss of $592,000, or $0.04 per share, on sales of $17.7 million in the first quarter of 2005. “The first quarter was a positive first step toward a return to operating profitability,” said Wayne Bos, President and Chief Executive Officer. “We continue to make strides toward establishing a base of predictable revenues from our core branded product portfolio, which will serve as a platform for future growth. We are taking steps to pare overhead; general and administrative expenses were reduced approximately 13.4% in the first quarter compared to the prior year. Even as we look to grow, we continue to seek out cost efficiencies.”
