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Parlux net sales for June-end quarter up 11%
27 Aug '07
2 min read
Parlux Fragrances Inc announced its results for the three months ended June 30, 2007. Net sales from continuing operations were $31,380,468, compared to $28,248,179 in the same period of the prior year, an increase of 11%. Operating expenses from continuing operations were $15,602,803 compared to $32,228,654 in the prior year period, which included a non-cash share based compensation charge of $16,201,950.
Operating income for the three months ended June 30, 2007 was $367,979 as compared to an operating loss of $18,900,857 for the same period of the prior year. Net loss from continuing operations was $49,613 compared to a loss of $17,235,703 in the same period of the prior year.
Net loss for the three months ended June 30, 2007 was $97,628 compared to a loss of $14,120,958 in the same period of the prior year. Earnings per share on a diluted basis were a loss of $0.00 compared to a loss of $0.78 per share in the same period of the prior year.
Mr. Neil Katz, Chairman and CEO, noted that, "The Company has made significant progress on many fronts. We have assessed the strengths and weaknesses of the organization, expanded our financial team, consolidated our distribution facilities, and defined a strategic plan.”
Mr. Katz continued, "A significant part of the strategic plan has been initiated through the signing of worldwide fragrance license agreements with Jessica Simpson, and most recently, with Nicole Miller. We have moved aggressively to build our core business in prestige distribution, and have positioned ourselves for strong profitable growth".
Conference Call:
Due to shareholder interest, the Company will hold a conference call on Tuesday, August 28, 2007 at 10:00 a.m. (EDT) to discuss the Company's quarterly results and to provide additional outlook on the next quarter.
Operating income for the three months ended June 30, 2007 was $367,979 as compared to an operating loss of $18,900,857 for the same period of the prior year. Net loss from continuing operations was $49,613 compared to a loss of $17,235,703 in the same period of the prior year.
Net loss for the three months ended June 30, 2007 was $97,628 compared to a loss of $14,120,958 in the same period of the prior year. Earnings per share on a diluted basis were a loss of $0.00 compared to a loss of $0.78 per share in the same period of the prior year.
Mr. Neil Katz, Chairman and CEO, noted that, "The Company has made significant progress on many fronts. We have assessed the strengths and weaknesses of the organization, expanded our financial team, consolidated our distribution facilities, and defined a strategic plan.”
Mr. Katz continued, "A significant part of the strategic plan has been initiated through the signing of worldwide fragrance license agreements with Jessica Simpson, and most recently, with Nicole Miller. We have moved aggressively to build our core business in prestige distribution, and have positioned ourselves for strong profitable growth".
Conference Call:
Due to shareholder interest, the Company will hold a conference call on Tuesday, August 28, 2007 at 10:00 a.m. (EDT) to discuss the Company's quarterly results and to provide additional outlook on the next quarter.
Parlux Fragrances Inc
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