PENN VALLEY, PA — CCA Industries, Inc. (OTC: CAWW) announced recently the company’s results for the second quarter and six months ended May 31, 2021, which can be found in the table below.
The Company reported net income of $282,034 for the three months ended May 31, 2021 compared to a net loss of $148,812 for the same period in fiscal 2020. Total revenues increased 33.4% and EBITDA increased 761.3% for the three months ended May 31, 2021 compared to the three months ended May 31, 2020.
Lance Funston, Chief Executive Officer commented, “Our second quarter earnings reflects the Company’s recovery from the effects of the COVID pandemic and continued increased digital sales. We are also pleased to announce the acquisition of the Nutra-Nail brand in July 2021, which the Company had previously sold under a license agreement. The acquisition will permit us to make investments into the brand which is sold through both retail and digital channels.”
The Nutra-Nail brand was acquired from Inspired Beauty Brands, Inc. for $500,000 and included all trademarks and intellectual property. Nutra Nail net sales were $158,188 for the six months ended May 31, 2021.
The Company’s financial statements for the quarter and six months ended May 31, 2021 can be found on the Company’s investor website: www.ccainvestor.com
Thanks for visiting! MyChesCo brings reliable information and resources to Chester County, Pennsylvania. Please consider supporting us in our efforts. Your generous donation will help us continue this work and keep it free of charge. Show your support today by clicking here and becoming a patron.