FT. LAUDERDALE, Fla., April 15 /PRNewswire-FirstCall/ -- The Stephan Co. (AMEX:TSC) reported its financial results for the year ended December 31, 2007.
Net income was $968,000 for 2007 compared to a loss of $3.6 million in 2006. In 2006, the Company's loss per share was $(0.82) after an impairment charge of $0.97 per share. Without this unusual charge, the Company's earnings per share would have been $0.15.
Earnings per share in 2007 were 47.0% more than those in 2006, as adjusted for the impairment charge.
Revenue for the year ended December 31, 2007 was $20.6 million compared to $22.7 million for the comparable period in 2006.
YEAR ENDED December 31, 2007 December 31, 2006
(in thousands, except per share data) REVENUE $20,561 $22,702
NET INCOME (LOSS) $968 $(3,602)
EARNINGS (LOSS) PER SHARE $0.22 $(0.82)
The Stephan Co. is engaged in the manufacture, distribution and marketing of personal and hair care products.
Statements contained in this news release, not strictly historical, are forward looking within the meaning of the safe harbor clause of the Private Securities Litigation Reform Act of 1995. The Company makes these statements based on information available to it as of the date of this News Release and assumes no responsibility to update or revise such forward-looking statements.
Editors and investors are cautioned that forward-looking statements invoke risk and uncertainties that may cause the Company's actual results to differ materially from such forward-looking statements.
These risks and uncertainties include, without limitation, appropriate valuation of the Company's assets, demand for the Company's products, competition from larger and/or more experienced suppliers of personal and hair care products, the Company's ability to continue to develop its markets, general economic conditions, governmental regulation, and other factors that may be more fully described in the Company's literature and periodic filings with the Securities and Exchange Commission. DATASOURCE: The Stephan Co.
CONTACT: Robert Spindler of The Stephan Co., +1-954-971-0600 Web site: http://www.thestephanco.com/
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