The company reduced losses for the period to €706,000 from €843,000 in the corresponding period for 2008.
The company, which won a positive article 13.5 blood circulation, tomato extract health claim from the European Food Safety Authority earlier this year, said it was looking for acquisitions in functional foods, medical foods and food supplements.
It was in discussions with major food companies about its proprietary Fruitflow technology used in the tomato extract.
The company said it had cash reserves of just over €2.5m