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CCA Industries fiscal Q4 loss widens YOY

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CCA Industries fiscal Q4 loss widens YOY

CCA Industries Inc. said its normalized net income for the fiscal fourth quarter ended Nov. 30, 2015, amounted to a loss of 14 cents per share, compared with a loss of 7 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $959,180, compared with a loss of $472,000 in the prior-year period.

The normalized profit margin dropped to negative 23.5% from negative 8.6% in the year-earlier period.

Total revenue decreased 25.4% year over year to $4.1 million from $5.5 million, and total operating expenses declined 12.3% from the prior-year period to $5.2 million from $5.9 million.

Reported net income came to a loss of $1.7 million, or a loss of 25 cents per share, compared to a loss of $1.9 million, or a loss of 27 cents per share, in the prior-year period.

For the year, the company's normalized net income totaled a loss of 21 cents per share, compared with a loss of 18 cents per share in the prior year.

Normalized net income was a loss of $1.5 million, compared with a loss of $1.3 million in the prior year.

Full-year total revenue fell 18.0% from the prior-year period to $24.8 million from $30.2 million, and total operating expenses fell 20.5% year over year to $25.4 million from $31.9 million.

The company said reported net income came to a loss of $3.2 million, or a loss of 46 cents per share, in the full year, compared with a loss of $2.8 million, or a loss of 40 cents per share, the prior year.