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For the fourth quarter of fiscal 2009, net sales were $5.9 million, compared to $6.4 million in the fourth quarter of fiscal 2008.
For fiscal 2009, net sales were $26.1 million, compared to $27.3 million in fiscal 2008. Net loss was $21.7 million, or $0.68 per share, compared to a net loss of $27.6 million, or $1.81 per share, in fiscal 2008.
Richard Lampen, president and CEO of Castle Brands, said: "The capital infusion from the private placement transaction and the conversion of our debt into equity put our company on firmer footing. We continue in our goal to build our own premium brands, support our existing agency brands, pursue new agency relationships and make brand acquisitions. We recognize that ongoing expense discipline is an essential part of achieving our goals."
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