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CCA Industries, Inc. (symbol: CAWW) has been at the forefront of developing and marketing innovative health and beauty products for over two decades. The company is renowned for its diverse range of brands that cater to various consumer needs.
Among the flagship products are the Plus White® toothpaste and teeth whitening kits, which have gained a reputation for effective and affordable oral care. The Sudden Change® line offers anti-aging skincare solutions, while Nutra Nail® provides essential manicure products and the Gel Perfect™ 5-minute gel color. The Bikini Zone® range addresses post-hair removal care, although it was recently sold to NFI, LLC to improve the company's financial flexibility.
CCA Industries also markets the Mega-T® dietary supplements aimed at weight loss, featuring green tea-based products like chewing gum and mints for antioxidant benefits. The company's Solar Sense® line includes sun-care products, and the Cherry Vanilla® line offers a variety of vanilla-based fragrances. Other notable brands include Hair Off® depilatories, Wash ’n Curl® hair care, Scar Zone® for scar management, and IPR-3® foot care products.
In recent developments, CCA Industries has been undergoing a significant transformation. With a strategic shift towards online sales, especially via Amazon, the company has witnessed substantial growth in its internet-based sales, reporting a 42% increase over the previous year. This shift is part of a broader effort to overcome past challenges, including a loss of physical distribution channels and unfulfilled orders due to manufacturing issues.
Financially, the company has taken steps to stabilize its operations. Proceeds from the sale of the Bikini Zone brand were used to pay off outstanding credit lines and invest in working capital. The company reported a net loss for the recent quarters but remains optimistic about returning to profitability through focused marketing and product development strategies.
Looking ahead, CCA Industries plans to launch new marketing campaigns, such as featuring NFL Hall of Famer Mike Singletary for its Neutein brain health supplements. The introduction of Neutein into major retail chains like CVS is expected to bolster sales and brand visibility. Additionally, the company has earned accolades like the Oprah Daily's Editor's Choice for its Plus White teeth whitening kit.
Overall, CCA Industries continues to innovate and adapt, with a strong emphasis on leveraging digital channels and optimizing their product portfolio for profitability and growth.
CCA Industries, Inc. (OTC: CAWW) reported a net loss of
CCA Industries announced its financial results for the three and nine months ended August 31, 2022. The company reported a net loss of $114,047 for Q3 2022 compared to a loss of $82,109 in Q3 2021. Net income for the nine months was $139,604, a decline from $273,445 in the previous year, mainly due to a non-cash gain last year from the Paycheck Protection Program. EBITDA was $252,321 for nine months, significantly up from $106,664. Sales of Porcelana were disrupted due to FDA regulations, but online sales increased by 58% in Q3. Future retail distribution is expected for the Neutein product.
CCA Industries, Inc. (OTC PINK: CAWW) announced the immediate resignation of board members Sardar Biglari and Philip Cooley on August 11, 2022. Lance Funston, Chairman of the Board, expressed gratitude for their service. The current board now consists of three independent directors and two non-independent directors, with no immediate plans to appoint replacements. CCA Industries manufactures health and beauty products under various brand names, including Plus White, Bikini Zone, and Nutra Nail. The company has also licensed licensing for Neutein in January 2022.
CCA Industries, Inc. (OTC: CAWW) reported its financial results for the three and six months ended May 31, 2022. Net income for Q2 2022 was $229,075, compared to $282,034 in Q2 2021. For the first half of 2022, net income stood at $253,651, down from $355,554 in H1 2021, impacted by a prior period gain on debt extinguishment. The company's EBITDA increased to $391,711 in H1 2022, significantly up from $197,956 the year before. CCA sees potential growth driven by increased online sales and effective digital marketing strategies.
CCA Industries, Inc. (OTC PINK:CAWW) held its Annual Shareholders Meeting on July 12, 2022, where key decisions were made. Lance T. Funston, Brent Funston, and S. David Fineman were re-elected as directors. Class A shareholders elected Sardar Biglari, Dr. Philip Cooley, Brian Haveson, and Michael Dunn as directors. Shareholders ratified CohnReznick LLP as public accountants for the fiscal year ending November 30, 2022. Lance Funston continues as Chairman, with Brent Funston as Vice-Chairman. Christopher Dominello was appointed as CEO, with Stephen A. Heit as CFO.
CCA Industries, Inc. (OTC: CAWW) reported a net loss of $596,349 for the year ending November 30, 2021, compared to a loss of $127,477 in 2020. The loss was partly due to a $480,899 charge for the impairment of the Solar Sense trademark and a $670,304 inventory reserve. Despite this, cash from operations increased to $988,120, up from $499,657 in 2020. Revenue fell to $13,834,596 from $14,124,251 the previous year. Amazon now accounts for 18.5% of total sales, with a 168.9% growth compared to fiscal 2020.
CCA Industries, Inc. (OTC: CAWW) has appointed Christopher Dominello as its new Chief Executive Officer, while Lance Funston continues as Chairman of the Board. The board has decided to terminate its engagement with Janney Montgomery Scott LLC. Funston expressed optimism about the company's future, emphasizing a focus on growing sales and reducing expenses. Dominello brings extensive experience, having previously revitalized brands at Ducere Pharma, leading to a significant increase in sales and distribution. CCA aims to enhance shareholder value amid challenging market conditions.
CCA Industries, Inc. (OTC: CAWW) reported a net loss of $82,109 for Q3 2021, a significant drop from a net income of $80,225 in Q3 2020. Total revenue for Q3 2021 was $3,440,070, down from $3,735,176 in the same quarter last year. The loss was attributed to COVID-related supply chain issues, resulting in $250,000 in reduced orders. However, the company sold its Sunset Café brand for $700,000 in October 2021. Year-to-date revenue stood at $10,721,510, a slight decline from $10,873,216 in the same period last year.
CCA Industries, Inc. (OTC: CAWW) reported a net income of $282,034 for Q2 2021, reversing a net loss of $148,812 in Q2 2020. Total revenues rose by 33.4% to $4,371,849, while EBITDA surged 761.3% to $455,049. The company announced the acquisition of the Nutra-Nail brand from Inspired Beauty Brands for $500,000, allowing for further investment in the brand, which generated $158,188 in sales for the first half of 2021.
CCA Industries, Inc. (OTC: CAWW) reported a net income of $73,520 for the quarter ending February 28, 2021, reversing a net loss of $143,582 from the previous year. Revenues decreased by 16.5% year-over-year to $3,225,991. CEO Lance Funston noted a recovery in sales, suggesting a return to pre-COVID levels in March 2021, with ongoing growth in digital sales contributing to recovery. Despite challenges posed by the pandemic, the outlook remains cautiously optimistic.
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