Today Divine Skin, a developer of biotechnology for topical, nutritional, and pharmaceutical therapies worldwide, today posted its preliminary revenue results for the fourth quarter of 2011.
The company reported fourth-quarter revenue at $3.1 million, a 63 percent increase over the comparable quarter of 2010. Full-year 2011 revenue totaled $9.6 million, a 78 percent increase over full-year 2010.
Today Divine Skin markets its products via online and specialty retailers, cosmetics wholesalers, salons, and medical offices. CEO Daniel Khesin said that while the company reports triple-digit growth for 2011, the company is “far from satisfied with this result” and anticipates further improvement as it continues to optimize logistics.
“Our formulas are very complex, and bringing these one-of-a-kind products to market is a challenge,” Khesin stated in the press release. “The issue is our top priority going forward, and we are very excited about our prospects for 2012.”
The company also noted key achievements in the last year, including the establishment of new agreements with 19 salon distributors in the U.S. to sell its flagship brand, DS Laboratories. In addition, high fashion retailer Neiman Marcus picked up Divine Skin’s super-premium Sigma Skin line for hair and skin; and the company’s NutraOrigin line was tested successfully in Whole Foods, which has stores in the U.S., Canada and the UK.
Other achievements include the company’s ventures into the pharmaceutical and nutritional markets, as well as partnerships supporting its introduction into the Brazilian and Indian market.
For more information visit www.divineskin.com
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