ds healthcare group inc (DSKX) Key Developments
DS Healthcare Group, Inc., Annual General Meeting, Jan 12, 2015
Dec 31 14
DS Healthcare Group, Inc., Annual General Meeting, Jan 12, 2015., at 14:00 US Eastern Standard Time. Location: 1601 Green Road. Agenda: To approve the election of four directors; to consider the ratification of the appointment of Marcum LLP as its independent registered public accounting firm; and to consider any other business as may properly come before the meeting.
DS Healthcare Group, Inc. Receives Non-Compliance Notice From NASDAQ
Dec 19 14
On December 16, 2014, DS Healthcare Group, Inc. received a letter from the listing qualifications department staff of the NASDAQ Stock Market (NASDAQ) notifying the company that for the last 30 consecutive business days the bid price of the company’s common stock had closed below $1.00 per share, the minimum closing bid price required by the continued listing requirements of NASDAQ listing rule 5550(a)(2). In accordance with listing rule 5810(c)(3)(A), the company has 180 calendar days, or until June 15, 2015, to regain compliance with the minimum bid price rule. To regain compliance, the closing bid price of the company’s common stock must be at least $1.00 per share for a minimum of ten consecutive business days (or such longer period of time as the NASDAQ staff may require in some circumstances, but generally not more than 20 consecutive business days) before June 15, 2015. If the company’s common stock does not achieve compliance by June 15, 2015, the company may be eligible for an additional 180-day period to regain compliance if it meets the continued listing requirement for market value of publicly held shares and all other initial listing standards, with the exception of the bid price requirement, and provides written notice to NASDAQ of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary. However, if it appears to the NASDAQ staff that the company will not be able to cure the deficiency, or if the company does not meet the other listing standards, NASDAQ could provide notice that the company’s common stock will become subject to delisting. In the event the company receives notice that its common stock is being delisted, NASDAQ rules permit the company to appeal any delisting determination by the NASDAQ staff to a Hearings Panel. The company currently meets the continued listing requirement for market value of publicly held shares and all other initial listing standards of the NASDAQ Stock Market, with the exception of the bid price requirement. The company intends to actively monitor the closing bid price of its common stock between now and June 15, 2015 and will evaluate available options to resolve the deficiency and regain compliance with the minimum bid price rule.
DS Healthcare Group, Inc. Announces Financial Results for the Third Quarter and Nine Months Ended September 30, 2014
Nov 17 14
DS Healthcare Group, Inc. announced financial results for the third quarter and nine months ended September 30, 2014. For the quarter, net revenues were $3,278,117, an increase of 2.4% over revenues of $3,200,189 in the year-earlier period. Revenue growth in the third quarter was driven by higher sales from the company's Mexican subsidiary. This growth was partially offset by a reduction in domestic sales due to $1 million in open orders that are scheduled for delivery during the fourth quarter. Net loss narrowed by 94.8% to $54,496 or $0.00 per share from $1,053,406 or $0.08 in the same period of 2013. On an adjusted EBITDAS basis, a non-GAAP financial measure resulted in a gain of $94,018 compared to a loss of $777,865 in the year-earlier period.
For the nine months, net revenues were $9,707,504, a 8.4% decline from revenues of $10,593,035 for the nine months ended September 30, 2013. Net revenue growth by the company's Mexican subsidiary was offset by a decrease in sell-through in foreign markets due to pending regulatory licensing and a decline in recorded domestic sales due to backorders that were pending completion and shipments. The company's net loss decreased by 32.4% to $1,533,617 or $0.10 per share in the first nine months of 2014 from $2,268,463 or $0.19 per share in the same period of 2013.
DS Healthcare Group to Open First Hair Loss Clinic in the U.S
Nov 11 14
DS Healthcare Group Inc. to unveil its first hair recovery clinic in the United States in downtown Coral Gables. DS Laboratories Hair Recovery Clinic, 2100 Ponce de Leon Blvd., Suite 1010, in Coral Gables, will provide tailored treatments for men and women, whether they're looking for a solution to hair loss, or simply want a thicker head of hair. DS Laboratories Hair Recovery Clinic will take an entirely new approach to hair loss. Its medical team led by top hair loss specialists will focus on each client's medical history, determining the underlying factors leading to their hair loss. The solutions will be tailored, prescribed treatments created onsite by the medical staff using FDA-approved DS Healthcare Group pharmaceuticals. No two prescriptions will be alike. Historically, the approach to treating hair loss focused on over-the-counter shampoos and hair care products that claimed to thicken and regrow hair. Another common solution - the hair transplant - is a surgical technique that involves removing hair follicles from one part of the scalp and replacing it on the balding area. DS Laboratories Hair Recovery Clinic will be the first of several clinics for DS Healthcare Group in the United States. The Coral Gables clinic will put into practice the innovative therapies the company developed after many years of study and clinical trials.
DS Healthcare Group, Inc. to Open its First DS Laboratories Hair Loss Clinic in Miami, Florida
Sep 2 14
DS Healthcare Group, Inc. announced it will open its first DS Laboratories Hair Loss Clinic in Miami, Florida. Slated to open in the fourth quarter of 2014, the clinic will provide unique therapies and treatment options for patients who desire the most comprehensive approach to treating hair loss. A team of healthcare professionals led by a medical doctor will provide customized solutions with the most advanced proven technologies developed through DS Healthcare's clinical research to restore a full head of hair.