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Senetek Q2

This article was originally published in The Rose Sheet

Executive Summary

Higher sales of Revlon's Almay Kinetin skin care line and The Body Shop's Skin Re-Leaf with Kinetin product line contribute to 35.8% increase to $3.3 mil. in Senetek's second quarter sales, Kinetin manufacturer says. Senetek revenues also benefited from recognition of $230,000 in royalty income from one of its licensees and $870,000 in non-refundable deferred licensing fee as the result of termination and settlement of a licensing agreement with one of its licensees, Napa, Calif. firm adds. Net income for the quarter was $1.17 mil. compared to net loss of $505,000 the prior year...
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