CCA Industries posts Q2 results
EAST RUTHERFORD, N.J. — Health and beauty aid manufacturer CCA Industries, whose brands include Plus+White toothpastes and teeth whiteners and Nutra Nail nail care treatments, swung to a loss during the second quarter but expressed optimism for the fourth quarter.
The company reported total revenues for the second quarter ended May 31 of $11.3 million and a net loss of $156,836. For the same period of 2012, the company had revenues of $14.7 million and net income of $302,100. The basic and fully diluted loss per share for second quarter 2013 was 2 cents compared with basic and fully diluted earnings per share of 4 cents for the same period of 2012.
"The company is still continuing to upgrade its sales and marketing operations. Although the second-quarter results were an improvement from the first quarter, it was not as good as we had planned. Nevertheless, as indicated in my previous shareholders’ letter, I am still confident the company will begin to provide profitable sales in the fourth quarter," stated David Edell, CEO.
The company also announced that its board of directors has approved a dividend of 7 cents per share for the second quarter of fiscal 2013, payable to all shareholders of record as of Aug. 2 and to be paid on Sept. 3.
Royalty Pharma hires former Morgan Stanley analyst as VP
NEW YORK — Royalty Pharma has hired Marshall Urist as VP research and investments, the company said Friday.
Royalty, which invests in royalty interests in drugs, hired Urist from Morgan Stanley, where he worked most recently as executive director and the senior biotechnology analyst.
"We are excited to have Marshall join our team," Royalty founder and CEO Pablo Legorreta said. "He has had a distinguished career on Wall Street, and this experience, coupled with his deep analytical skills, make him an excellent addition to Royalty Pharma."
Ardell introduces new lash collections for 2014
NEW YORK — Beauty brand Ardell — a maker of faux eyelashes, brow cosmetics and accessories — is enhancing its collection of false lashes with a string of new launches slated for spring 2014.
The new lashes include:
Double Individual Lashes: Individual lashes are now twice as thick, featuring 20 strands per lash. They are available in three lengths — short, medium and long.
Color Impact Individual Lashes: Its Color Impact color-enhancing lashes are now available in individuals to add a pop of color. The color-enhancing shades are interspersed with black to create a natural look. The medium-length individual lashes are available in blue, plum or wine.
Ombré Lash Collection: Inspired by the popular hair and nail color trend, ombré lashes have a subtle gradation of color with a black base that fades into a pop of color at the tip.
Black Tie Lashes: Add a little magic to eyes with six lashes embellished and enhanced with black jewels, gunmetal shimmer and dark stones. Viewed from afar, the lashes appear long and thick. Up close, the surprise will be the shimmer and dark sparkle illuminating eyes.
Corset Lash Collection: Features sexy crisscross lash styles, similar to corset lacing. The lashes provide fullness, length and width to natural lashes.