FORT WASHINGTON, PA — CCA Industries, Inc. (OTC: CAWW) has announced a return to profitability for the first quarter of fiscal 2025, reporting net income of $13,731. This marks a significant reversal from the $245,410 loss recorded during the same period in 2024. The company also delivered a positive EBITDA of $40,209, contrasting with an EBITDA loss of $288,499 in the prior-year quarter.
“As we discussed in our fiscal 2024 earnings release, we were able to generate a positive EBITDA for the first quarter of 2025,” said Christopher Dominello, CEO of CCA Industries. “The improvement in EBITDA over the first quarter of 2024, where we lost close to $300K, is substantial. Our expectation is that we will continue the trend of profitability for the foreseeable future.”
The company credited its financial recovery to strategic decisions implemented throughout 2024. These included reducing unprofitable sales in both retail and Amazon direct-to-consumer channels to focus on achieving sustainable, bottom-line gains. Despite a decrease in revenue due to these changes, CCA Industries emphasized its commitment to long-term growth.
Addressing future plans, Dominello stated that the company would focus on investments in brands with significant growth potential. While acknowledging potential challenges ahead, he highlighted the team’s ability to persevere and leverage its recent momentum.
CCA Industries is optimistic about its trajectory and remains committed to driving shareholder value as it builds on this turnaround.
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