CCA Industries narrows Q4 loss
EAST RUTHERFORD, N.J. — Health and beauty aid company CCA Industries announced on Wednesday that it narrowed its fourth-quarter loss and saw a boost in revenues as it celebrated the launch during the quarter of its new Nutra Nail Gel Perfect UV Free gel nail color brand.
Revenues for the quarter ended Nov. 30 totaled $11.8 million, compared with $10.2 million in the year-ago period. Net loss during the quarter was $3,433, compared with a loss of $697,500 for the fourth quarter 2010.
"Fiscal 2011 featured the launch in the fourth quarter of the company's new patented Nutra Nail Gel Perfect UV Free gel nail color brand," CCA Industries president and CEO Dunnan Edell said. "The results, so far, have been very encouraging. We believe through added distribution, advertising and promotional events, that the Gel Perfect line of nail polishes can provide significant results in our fiscal 2012 year. In addition, we expect overall growth of our other brands that will incorporate new strategies and innovative line extensions supported by multichannel advertising. We continue to have no debt and we have a ratio of 3:1 current assets to current liabilities which keeps us in a very sound financial position."
CCA Industries product portfolio includes Plus+White toothpastes and teeth whiteners, Bikini Zone medicated topical and shave gels, Nutra Nail nail care treatments, Gel Perfect UV free gel color and Scar Zone scar treatment products.