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Naples Soap Company Ord Shs (NASO) delivers natural skincare solutions through rigorously tested organic formulations. This news hub provides investors and stakeholders with essential updates about financial performance, product innovations, and strategic initiatives in the organic personal care sector.
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Key updates spanning financial disclosures, ingredient research breakthroughs, and retail partnerships. Monitor developments related to sustainable manufacturing practices and consumer safety advancements that distinguish NASO in the competitive skincare market.
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Naples Soap Company (OTC PINK: NASO) reported its financial results for Q4 and the full year ending December 31, 2022. Despite challenges from Hurricane Ian, which affected four stores and caused operational setbacks, total sales for 2022 increased by 2% to approximately $11.1 million. However, Q4 sales declined by 9% to $3.1 million. Store sales rose 4% for the year, but dropped 16% in Q4 due to closures for repairs. E-Commerce sales decreased slightly for the year but saw a 7% gain in Q4. Net income plummeted to a loss of $865,000 from a gain of $1.3 million in 2021. Operating expenses surged by 23% due to hurricane-related costs and store openings.
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