DS Healthcare (DSKX) Narrows Q3 Loss

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Go back to DS Healthcare (DSKX) Narrows Q3 Loss

DS Healthcare Group Reports Third Quarter 2014 Financial Results As Company Reaches EBITDAS Profitability

November 17, 2014 8:34 AM EST

Pompano Beach, Fla., Nov. 17, 2014 (GLOBE NEWSWIRE) -- DS Healthcare Group, Inc. (NASDAQ: DSKX), a leading developer of personal care products, today announced financial results for the three and nine months ended September 30, 2014.

Q3 2014 Highlights:

·      Net revenues were $3,278,000, up 2.4% over Q3 2013

·      Gross margins increase to 75.1% from 55.1% in Q3 2013

·      Gross profits increase to $2,464,000 up 39.8% over Q3 2013

·      Net loss narrows 94.8% to $(54,000) from Q3 2013

·      Adjusted EBITDAS, a non-GAAP financial measure resulted in a net gain of $94,000 from a loss of $(777,865) in Q3 2013

"The 20 points improvement in gross margin that we've achieved during the... More