CCA Industries, Inc. Reports Results of Operations for the Quarter and Six Months ended May 31, 2024
The net loss was
Further information, including the Unaudited Financial Statement for the first quarter, ended
Statements contained in the news release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties, which would cause actual results to differ materially, from estimated results. No assurance can be given that the results in any forward-looking statement will be achieved, and actual results could be affected by one or more factors, which could cause them to differ materially. For these statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act.
Financial Results (Unaudited) |
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Three Months Ended |
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Revenues |
$ 2,210,566 |
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$ 2,993,954 |
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Net Income |
$ (24,421) |
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$ (133,069) |
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Earnings Per Share: |
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Basic |
$ (0.00) |
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$ (0.02) |
Diluted |
$ (0.00) |
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$ (0.02) |
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Weighted Average Common Shares Outstanding: |
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Basic |
7,561,684 |
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7,561,684 |
Diluted |
7,580,949 |
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7,561,684 |
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EBITDA * |
$ 1,831 |
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$ (117,970) |
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* Earnings before interest, taxes, depreciation and amortization |
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Reconciliation of Net Income to EBITDA: |
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Net Income |
$ (24,421) |
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$ (133,069) |
Provision for income taxes |
(3,908) |
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(32,857) |
Interest expense |
28,630 |
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46,654 |
Depreciation and Amortization |
1,530 |
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1,302 |
EBITDA |
$ 1,832 |
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$ (117,970) |
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Financial Results (Unaudited) |
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Six Months Ended |
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Revenues |
$ 4,345,147 |
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$ 5,461,680 |
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Net Income |
$ (269,831) |
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$ (416,127) |
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Earnings Per Share: |
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Basic |
$ (0.04) |
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$ (0.06) |
Diluted |
$ (0.04) |
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$ (0.06) |
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Weighted Average Common Shares Outstanding: |
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Basic |
7,561,684 |
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7,561,684 |
Diluted |
7,561,684 |
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7,561,684 |
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EBITDA * |
$ (286,667) |
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$ (416,467) |
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* Earnings before interest, taxes, depreciation and amortization |
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Reconciliation of Net Income to EBITDA: |
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Net Income |
$ (269,831) |
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$ (416,127) |
Provision for income taxes |
(77,428) |
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(98,549) |
Interest expense |
57,581 |
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95,608 |
Depreciation and Amortization |
3,011 |
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2,601 |
EBITDA |
$ (286,667) |
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$ (416,467) |
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View original content:https://www.prnewswire.com/news-releases/cca-industries-inc-reports-results-of-operations-for-the-quarter-and-six-months-ended-may-31-2024-302197331.html
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