Makeup.com (MKUP.OB) Posts Fiscal 2008 Financials, Reflecting Significant Growth; Announces New Investor Relations Group
Makeup.com is as the name implies: an online provider of “exclusive, hard-to-find” cosmetics, perfumes, skin care and other beauty products. The company today announced its year-end financial results for the 12 months ended December 31, 2008, reflecting solid growth and improvement. Revenues for the year increased $176,998, or 35 percent, to $683,185, as compared to $506,187 for the 2007. Gross profit surged 116 percent to $242,968, up from $112,374 reported for the year ended December 2007. Net loss for the year ended 2008 was $1,195,894, as compared to a net loss of $1,470,145 for fiscal 2007, representing a $274,251 improvement.…