CCA Industries, Inc. Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended May 31, 2018
July 16, 2018 at 04:15 pm EDT
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CCA Industries, Inc. announced unaudited earnings results for the second quarter and six months ended May 31, 2018. For the quarter, the company reported revenues of $4,225,240 as compared to $6,115,910 a year ago. Net loss was $292,320 or $0.04 per basic and diluted share as compared to net income of $698,550 or $0.10 per basic and diluted share a year ago. The loss in the second quarter of fiscal 2018 was due to a dispute with an international customer which resulted in the company taking a reserve of $479,052 lowering net sales. Compared to the same quarter last year, sales were $4,222,986 versus sales of $6,111,836, and, again, $479,000 of that difference was the reserve.
For the six months, the company reported revenues of $8,223,664 as compared to $10,385,060 a year ago. Net loss was $3,512,980 as compared to $885,301 or $0.48 per basic and diluted share as compared to net income of $885,301 or $0.13 per basic and diluted share a year ago.
CCA Industries, Inc. manufactures and distributes health and beauty aid products. The Company conducts business as Core Care America. The Company offers skin care, oral care, brain health supplements, and beauty products sold in mass markets, chain drug, food and online through amazon.com and walmart.com. The Companyâs products include Plus White toothpastes and teeth whiteners, Bikini Zone medicated topical and shave gels, Nutra Nail nail care treatments, Porcelana skin care products, Scar Zone scar treatment products, Sudden Change anti-aging skin care products, Hair Off depilatory products, Solar Sense sun care products and Neutein brain health supplements. Its other products include Bikini Zone Creme Hair Remover, Bikini Zone Exfoliating Gel, Hair Off Hair Removal Mitten, Hair Off Facial Wax Strips, Lobe Miracle Ear Lobe Support Patches, Nutra Nail Bullet-Proof Strength, Nutra Nail Speed Dry Topcoat, Sudden Change Green Tea Facial Mask, and Sudden Change Beauty Box, among others.