Cca Industries, Inc. (OTC:CAWW)

WEB NEWS

Wednesday, October 16, 2024

Research

Cca Industries  (OTC:CAWW) ($0.83; $5.6M market cap) announced Q3 2024 results

  • Sales of $1.7 million vs $2.8 million in the prior year
  • Net loss of $0.06 vs a net loss of $0.06

Results via 10-Q only, we await the company’s press release for more color from management. Recall in the last release, the company mentioned 

“Neutein, our brain health supplement launched at CVS in the second quarter of fiscal 2024, giving us pipeline orders in Q3.  While we are encouraged with our achievements to date, we are still a work in progress.  We have developed plans to grow both top and bottom line and are executing them during Q3, but the benefits will likely not be felt until Q4.  These additional changes to increase our profitability will be announced later in the fourth quarter."


Tuesday, July 16, 2024

Research

Cca Industries  (OTC:CAWW) ($0.82; $5.6M market cap) announced Q2 2024 results

  • Sales of $2.2 million vs $2.9 million in the prior year

  • Net loss of $0.00 vs a net loss of $0.02

“The EBITDA profit for the second quarter of fiscal 2024, though small, shows the beginning of our turn-around.  As a reminder, we sold the Bikini Zone brand in the fourth quarter of fiscal 2023 which had sales of $3.2 million in the first half of fiscal 2023.  Working to overcome that loss of revenue has been a focus, and our other brands have been increasing to fill the gap.  Lobe Miracle, our ear protection brand, had increased gross sales by 31.6% year over year.  Our Sudden Change skincare brand gross sales were up 20.3% year over year, and Neutein, our brain health supplement launched at CVS in the second quarter of fiscal 2024, giving us pipeline orders in Q3.  While we are encouraged with our achievements to date, we are still a work in progress.  We have developed plans to grow both top and bottom line and are executing them during Q3, but the benefits will likely not be felt until Q4.  These additional changes to increase our profitability will be announced later in the fourth quarter." 

Seems the turnaround story is progressing, we look forward to seeing what type of growth management sees come Q4. 



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