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Quick Analysis on DSKX
DSKX has well established itself as one of he market leaders in the domain of various personal care applications, specially the hair loss products. Innovation and technology has been the keywords taking the company to the greater horizon. Presently, Divine distributes its product range including Polaris, DS Laboratories and Sigma through a chain of retailers dealing in specialties, the spas and salons, medical practitioners, the wholesalers and off course the different online stores.
The operations of DS Laboratories, Inc. which was a company based in New York were been terminated in the year 2006 and distributed to the shareholders. Certain liabilities and the assets were utilized for capitalizing it as the Divine Skin, Inc, a Florida corporation in the year 2007.Currently the company operates under both the trade names, D.S Laboratories and Divine.
Divine acquired 100% of the outstanding shares of the company called Sigma Development and Holding Co in the year 2009 and that too at a very nominal value. Sigma added up a upscale brand in the product portfolio of the company. Sigma is subsidiary to the company and is wholly held by the company. Divine also founded the Polaris Lab in the year 2009. The main aim behind the foundation is to distribute the products of the company through the foreign distributors and the physicians.
The company grew constantly with the inception with various specialty retailers spread across the continents of Asia, Europe and South America.
The Three Months of the operations ended on March 31, 2010. The financial report declared at the end of the period. There has been a decrease in the revenue. It reached $995,073 from $1,010,784. The main reason behind the decrease being the sales discount of $67,575 granted additionally in response to the overall economic issues. The two distributors WR Group, Inc and Cellway International, Inc.earned a revenue of 23.4% and 11.3% respectively. There has been an increase in the cost of good sold from $187,245 to $332,979. The factors that led to the increment includes, the economic issues taking place in the company and secondly the turnover in the production occurring unexpectedly.
There has been increase in the cost of sales and marketing by 1.9% from $230,191 to $234,542.
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By jmackay on Companies Analysis | Monday May 24, 2010 08:50 am
Divine Skin Inc. is the well-known name in developing, marketing and distributing various lifestyle products. They have announced that they will launch a major line soon in the year 2010. The company targets hair re-growth and he trading of the company opened at $0.30. The flagship brand of the newly evolved company happens to be DS Laboratories. In the year 2009 the company has conducted a private placement but till then the brand grew without the investment capital. The products of Divine are sold in 20 countries across the world.DSKX has well established itself as one of he market leaders in the domain of various personal care applications, specially the hair loss products. Innovation and technology has been the keywords taking the company to the greater horizon. Presently, Divine distributes its product range including Polaris, DS Laboratories and Sigma through a chain of retailers dealing in specialties, the spas and salons, medical practitioners, the wholesalers and off course the different online stores.
The operations of DS Laboratories, Inc. which was a company based in New York were been terminated in the year 2006 and distributed to the shareholders. Certain liabilities and the assets were utilized for capitalizing it as the Divine Skin, Inc, a Florida corporation in the year 2007.Currently the company operates under both the trade names, D.S Laboratories and Divine.
Divine acquired 100% of the outstanding shares of the company called Sigma Development and Holding Co in the year 2009 and that too at a very nominal value. Sigma added up a upscale brand in the product portfolio of the company. Sigma is subsidiary to the company and is wholly held by the company. Divine also founded the Polaris Lab in the year 2009. The main aim behind the foundation is to distribute the products of the company through the foreign distributors and the physicians.
The company grew constantly with the inception with various specialty retailers spread across the continents of Asia, Europe and South America.
The Three Months of the operations ended on March 31, 2010. The financial report declared at the end of the period. There has been a decrease in the revenue. It reached $995,073 from $1,010,784. The main reason behind the decrease being the sales discount of $67,575 granted additionally in response to the overall economic issues. The two distributors WR Group, Inc and Cellway International, Inc.earned a revenue of 23.4% and 11.3% respectively. There has been an increase in the cost of good sold from $187,245 to $332,979. The factors that led to the increment includes, the economic issues taking place in the company and secondly the turnover in the production occurring unexpectedly.
There has been increase in the cost of sales and marketing by 1.9% from $230,191 to $234,542.
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