ds healthcare group inc (DSKX) Key Developments
DS Healthcare Group, Inc., WR Group, Inc. - M&A Call
Aug 17 15
To discuss definitive agreement ?to acquire WR Group
DS Healthcare Group Appoints Manuel Gonzalez as Chief Commercial Officer
Aug 14 15
DS Healthcare Group, Inc. has announced that Manuel Gonzalez, a former Vice President of Sales for the Procter & Gamble Company has joined DS Healthcare as its Chief Commercial Officer. In his role at Procter & Gamble, Mr. Gonzalez was responsible for managing an organization with $30 billion in revenue including the entire North American merchandiser sales force of over 3,000 sales representatives for all Procter & Gamble product categories, including the company’s extensive personal care products portfolio. Mr. Gonzalez has joined the management team at DS Healthcare to help rapidly scale sales operations of DS Healthcare’s innovative personal care products due to his extensive experience managing massive retail operations and his knowledge of every significant retail channel in the United States and South America.
DS Healthcare Group, Inc. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015
Aug 13 15
DS Healthcare Group, Inc. reported unaudited earnings results for the second quarter and six months ended June 30, 2015. The company's net revenues were $3,659,548, a decrease of 2.3% over revenues of $3,744,434 in the year-earlier period. Revenue in the second quarter was affected by an unfavorable exchange rate of the Mexican Peso to the USD which was MXN 15.65 to the Dollar at the end of the second quarter and MXN 12.95 to the Dollar during the same period 2014. GAAP net loss narrowed by 98.4% to a net loss of $9,551 in the second quarter of 2015 compared to a net loss $635,172 in the same period of 2014. Adjusted EBITDAS was $116,313 compared to a loss of $781,096 in the year-earlier period.
For the six months ended June 30, 2015 net revenues were $6,463,468, a 0.5% increase from revenues of $6,429,397 for the six months ended June 30, 2014. Net revenue was driven in part by the company's Mexican subsidiary, as well increased sell-through in foreign markets but was offset by a stronger dollar compared to foreign currencies. Net loss decreased by 93.5% to $94,690 in the first half of 2014 from $1,453,324 in the same period of 2014.
DS Healthcare Group, Inc. Announces Board Changes
Aug 4 15
DS Healthcare Group, Inc. announced that effective August 1, 2015, Mark Wolfson, retired as director of the company. Mr. Wolfson was a member of the company's audit committee, nominating committee, and corporate governance committee. Effective August 1, 2015, the Board of Directors of the company appointed Dianne Rosenfeld to fill the recently created vacancy on the company's board. Ms. Rosenfeld shall serve as a member of the board and hold office until the next election of directors by stockholders and until her successor is elected and qualified or until her earlier resignation or removal. Ms. Rosenfeld shall also serve on the company's audit committee, nominating committee, and corporate governance committee.
DS Healthcare Group, Inc. Finalizes a Distribution Agreement in Egypt with MultiTrade
Jun 22 15
DS Healthcare Group, Inc. announced it has finalized a distribution agreement in Egypt with MultiTrade. MultiTrade has placed orders for immediate delivery to begin supplying customers in the region.