Last $0.04 USD
Change Today 0.00 / 0.00%
Volume 10.0K
PFSD On Other Exchanges
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OTC US
As of 8:10 PM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).

pacific sands inc (PFSD) Key Developments

Pacific Sands, Inc. Launches Expanded, Updated Line of Branded Natural Choices Green Cleaning and Personal Care Products for Consumer Market

Pacific Sands Inc. announced an expanded line of its proprietary, branded Natural Choices cleaning products. The company's three Oxy products will have new and improved formulations that give each more cleaning power, and will be available in flexible, environmentally friendly packaging. Oxy-Dish and Oxy-Prime laundry detergent will be transitioned to water-soluble pods from the traditional loose powder, with new one-pound bag sizes for Oxy-Dish and Oxy-Prime laundry, and a two pound size for Oxy-Boost. Pacific Sands is launching a new Liquid Laundry product in 32- and 64-ounce sizes. The company has also repackaged and resized its line of household spray cleaners, which include Bathroom, Multi-Purpose, Degreaser and Glass. The company plans to launch new packaging and sizing for its liquid dish soap, hand soap and shampoo later this year.

Pacific Sands Inc. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended March 31, 2014

Pacific Sands Inc. reported unaudited earnings results for the third quarter and nine months ended March 31, 2014. For the quarter, the company reported net sales increased 36% to $781,253 compared with net sales of $573,335 in fiscal third quarter 2013, while gross profit in the quarter increased to $306,322 compared with $207,268 in fiscal third quarter 2013. Net loss was $83,631 or $0.001 per diluted share in fiscal third quarter 2014 compared with a net loss of $36,113 or $0.001 per diluted share in fiscal third quarter 2013, primarily reflecting an increase in selling and administrative expenses and increased interest expense related to financing to fund marketing initiatives. For the nine months, the company reported net sales were $2.05 million, up 42% compared with $1.44 million for the nine months ended March 31, 2013. The company's net sales exceeded net sales for the entire fiscal 2013. Net loss was $144,406 or $0.002 per diluted compared with $145,127 or $0.002 per diluted share for the nine months of 2013, which also reflected the impact of increased selling and administrative costs and higher interest expense.

Pacific Sands Inc. Announces Unaudited Earnings Results for the Second Quarter and First Half Year Ended December 31, 2013

Pacific Sands Inc. announced unaudited earnings results for the second quarter and first half year ended December 31, 2013. The company announced net sales for the three months ended December 31, 2013 of $727,732 and a gross profit of $295,911 compared with net sales of $431,153 and gross profit of $166,471 for the three months ended December 31, 2012. Net loss was $61,574 or a net loss was $19,997 on an adjusted EBITDA basis in fiscal second quarter 2014 compared with a net loss of $96,580 or $0.00 per diluted share in fiscal second quarter 2013. For the six months ended December 31, 2013, the company reported net sales of $1.27 million and gross profit of $749,030 compared with $863,995 and $481,224, respectively, for the six months ended December 31, 2103. For the six months of fiscal 2014, the company reported a net loss of $60,776 or $8,625 on an adjusted EBITDA basis compared with a net loss of $109,014 or $0.00 per diluted share for the six months of fiscal 2013.

Pacific Sands Inc. Announces Management Changes

Michael D. Michie, President & CEO, has resigned his position as Treasurer of Pacific Sands Inc. Judson Just, CFA has been appointed as Director and Treasurer of the company by the Board of Directors effective February 27, 2014.

Pacific Sands Inc. Provides Sales Guidance for the Second Quarter and First Half Ending December 31, 2013

Pacific Sands Inc. provided sales guidance for the second quarter and first half ending December 31, 2013. For the first half 2014, the company expects net sales to well exceed $1 million, and increase more than 20% compared with fiscal first half 2013 sales of $863,995. For the second quarter 2014, sales are expected to increase 40% compared last year's fiscal second quarter.

 

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