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Parlux Fragrances announces unaudited fiscal 2007 results
02 Jul '07
2 min read
Parlux Fragrances Inc announced its unaudited fiscal 2007 results reflecting sales from continuing operations of $134,365,094 compared to its prior year of $106,363,683, an increase of 26%. Unaudited loss from continuing operations, net of taxes, was $27,864,295 compared to prior year income from continuing operations of $692,633.
Unaudited income from discontinued operations, net of taxes, was $30,746,527 compared to prior year income from discontinued operations of $22,043,143. Unaudited net income was $2,882,232, or $0.16 per diluted share, compared to prior year net income of $22,735,776, or $1.07 per diluted share.
On June 14, 2007, the Company filed a Form 12b-25, requesting an extension for filing its Annual Report on Form 10-K for the fiscal year ended March 31, 2007. Due to significant changes to its board and senior management during the fourth quarter of fiscal 2007, and well into the current fiscal year, the Company was not able to file its Form 10-K by the filing date without unreasonable effort or expense.
The unaudited financial results for fiscal 2007 are attached, and are subject to any adjustments resulting from the completion of our year-end financial closing and reporting processes. The Company will file its Form 10-K for the fiscal year ended March 31, 2007 as soon as possible.
Conference Call:
The Company will host a conference call on Friday, July 20, 2007 at 11:00 a.m. to discuss the Company's quarterly and annual results and to provide additional outlook on the next quarter.
Unaudited income from discontinued operations, net of taxes, was $30,746,527 compared to prior year income from discontinued operations of $22,043,143. Unaudited net income was $2,882,232, or $0.16 per diluted share, compared to prior year net income of $22,735,776, or $1.07 per diluted share.
On June 14, 2007, the Company filed a Form 12b-25, requesting an extension for filing its Annual Report on Form 10-K for the fiscal year ended March 31, 2007. Due to significant changes to its board and senior management during the fourth quarter of fiscal 2007, and well into the current fiscal year, the Company was not able to file its Form 10-K by the filing date without unreasonable effort or expense.
The unaudited financial results for fiscal 2007 are attached, and are subject to any adjustments resulting from the completion of our year-end financial closing and reporting processes. The Company will file its Form 10-K for the fiscal year ended March 31, 2007 as soon as possible.
Conference Call:
The Company will host a conference call on Friday, July 20, 2007 at 11:00 a.m. to discuss the Company's quarterly and annual results and to provide additional outlook on the next quarter.
Parlux Fragrances Inc
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