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CCA Industries, Inc. (CAWW) delivers essential health and beauty solutions through trusted brands like Plus White and Nutra Nail. This news hub provides investors and industry observers with timely updates on corporate developments, financial performance, and product innovations.
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CCA Industries (OTC: CAWW) has reported its Q1 2025 financial results, showing a significant turnaround with a net income of $13,731 compared to a loss of $245,410 in Q1 2024. EBITDA improved to $40,209 from a loss of $288,499 in the previous year.
Revenue decreased to $1.67 million from $2.13 million, attributed to a strategic decision to eliminate unprofitable sales in retail and Amazon direct-to-consumer channels. The company, which manufactures health and beauty aids including Plus White toothpaste, Nutra Nail treatments, and other branded products, expects to maintain profitability and plans to invest in brands with growth potential.
Basic and diluted earnings per share were $0.00, improving from -$0.03 in Q1 2024, with weighted average common shares outstanding remaining stable at 7,561,684.
CCA Industries (OTC: CAWW) reported financial results for the year ended November 30, 2024, with a net loss of $6.1 million compared to a $422,866 loss in 2023. The increased loss includes significant non-cash adjustments: a $222,500 write-down of the Solar Sense trademark and a $4.6 million tax expense from a $21.9 million valuation allowance against carry forward tax loss.
CEO Christopher Dominello projects profitable EBITDA for Q1 2025, marking improvement from Q1 2024's $300K loss. The company implemented strategic changes in 2024, transitioning from purely brick-and-mortar to a hybrid model with expanded online channels. Cost-reduction initiatives include warehouse consolidation, resulting in lower operating costs and a 5% decrease in cost of goods in early fiscal 2025.
CCA Industries, Inc. (OTC: CAWW) reported a net loss of $444,878 for Q3 2024, compared to a $452,394 loss in Q3 2023. EBITDA loss improved from $456,962 to $399,175. CEO Christopher Dominello highlighted the company's transition from brick-and-mortar to a hybrid model, emphasizing:
1. Cost reduction: Operating expenses decreased by 60% from $5.1M to $2.1M.
2. Amazon growth: Sales increased from $250K to over $5M annually with double-digit profitability.
3. Challenges with Neutein rollout at CVS, but potential opportunity with Walmart.
4. Warehouse consolidation expected to reduce costs by over 20%.
5. Price increases across all brands to improve profitability.
6. Lobe Miracle brand growth of 267% over 3 years, with new product launch planned.
The company anticipates a loss in Q4 but expects significant profitability improvements in 2025 and beyond.
CCA Industries, Inc. (OTC: CAWW) reported its financial results for Q2 and H1 2024. The company saw a reduced net loss of $24,421 in Q2 2024, compared to $133,069 in Q2 2023. EBITDA turned positive at $1,832 in Q2 2024, up from a loss of $117,970 in Q2 2023. Despite selling the Bikini Zone brand, which had $3.2 million in sales in H1 2023, other brands showed growth:
- Lobe Miracle: 31.6% YoY increase in gross sales
- Sudden Change: 20.3% YoY increase in gross sales
- Neutein: Launched at CVS in Q2 2024
CEO Christopher Dominello noted that while progress has been made, the company is still in turnaround mode. Additional changes to increase profitability are planned for Q3, with benefits expected in Q4.
CCA Industries announced that its Plus White teeth whitening kit has been selected as the 2024 Oprah Daily's Editor's Choice. CEO Chris Dominello expressed excitement about the recognition, highlighting that the kit uses a hydrogen peroxide gel similar to professional dental products but is more affordable, priced under $10. The Plus White whitening kit is available at Walmart and Amazon. CCA Industries markets various health and beauty aids under different brand names, including Nutra Nail, Porcelana, and Solar Sense.
