Summary of Quarterly Financial Data |
The following financial data is a summary of the quarterly results of operations (unaudited) during and for the years ended November 30, 2013 and 2012:
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Three Months Ended |
Fiscal 2013 |
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Feb. 28 |
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May 31 |
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Aug. 31 |
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Nov. 30 |
Net Sales |
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11,796,951 |
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11,206,480 |
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9,742,827 |
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6,043,335 |
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Total Revenue |
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11,799,649 |
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11,262,212 |
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9,734,911 |
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6,056,615 |
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Cost of Products Sold |
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5,530,303 |
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5,504,363 |
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5,060,168 |
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6,182,324 |
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Gross Profit (Loss) |
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6,266,648 |
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5,702,117 |
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4,682,659 |
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(138,989 |
) |
Net (Loss) |
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(1,015,390 |
) |
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(156,836 |
) |
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(792,892 |
) |
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(4,228,130 |
) |
(Loss) Per Share: |
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Basic |
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(0.14 |
) |
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(0.02 |
) |
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(0.11 |
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(0.60 |
) |
Diluted |
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(0.14 |
) |
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(0.02 |
) |
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(0.11 |
) |
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(0.60 |
) |
During the fourth quarter of fiscal year 2013, the Company increased its inventory obsolescence reserve by $2,358,697, the majority of which was due to the Company's Gel Perfect Nail Care products.
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Three Months Ended |
Fiscal 2012 |
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Feb. 29 |
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May 31 |
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Aug. 31 |
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Nov. 30 |
Net Sales |
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$ |
13,531,070 |
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$ |
14,596,899 |
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$ |
13,775,461 |
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$ |
11,265,592 |
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Total Revenue |
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13,688,247 |
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14,710,472 |
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14,003,207 |
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11,373,749 |
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Cost of Products Sold |
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6,008,346 |
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6,319,109 |
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5,736,175 |
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5,155,421 |
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Gross Profit |
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7,522,724 |
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8,277,790 |
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8,039,286 |
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6,110,171 |
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Net Income (Loss) |
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$ |
87,534 |
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$ |
302,100 |
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$ |
428,747 |
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$ |
(352,929 |
) |
Earnings (Loss) Per Share: |
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Basic |
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$ |
0.01 |
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$ |
0.04 |
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$ |
0.06 |
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$ |
(0.05 |
) |
Diluted |
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$ |
0.01 |
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$ |
0.04 |
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$ |
0.06 |
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$ |
(0.05 |
) |
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