DS Healthcare Q4 Loss Narrows - Quick Facts

(RTTNews) - DS Healthcare Group, Inc. (DSKX) Friday said its fourth-quarter net loss narrowed to $944.86 thousand or $0.07 per share from $2.77 million or $0.23 per share in the prior year, driven by increased sales, improved gross profit margins and an overall restructuring of expenses.

Revenues for the quarter increased 11% to $3.06 million from $2.77 million in the same quarter last year. The revenue increase was driven by increased demand for DS Healthcare's products and acquisition of the company's Mexican subsidiary.

Selling and marketing costs decreased 30% to $913 thousand. General and administrative costs declined 5% to $1.72 million.