CCA Iindustries (CAW) Reports Q1 Loss of $0.04

CCA Iindustries (NYSE: CAW) reported Q1 EPS of ($0.04). Revenue for the quarter came in at $4.23 million.

Lance Funston, Chief Executive Officer commented, "We believe the Company has taken the correct approach with the international customer and it is unfortunate that we had to reserve for the receivable that is due to us. We are working towards finding a new distributor for that middle eastern region. We plan on introducing some exciting new products to our retail partners over the next couple of months which we believe will get our sales back on track for fiscal 2019. We anticipate a return to profitability in the third quarter of fiscal 2018."

For earnings history and earnings-related data on CCA Iindustries (CAW) click here.

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