Dussault Jumps on New Showroom, Financials
Dussault Apparel Inc. (DUSS) shares jumped more than 70 percent after it announced that it will open a corporate showroom in Vancouver, B.C. tentatively scheduled to open in late July 2009. Meanwhile, the company’s fundamentals remain robust despite a small net loss during the most recent quarter.
Dussault Apparel Inc. [[DUSS.OB]] announced that it will open a corporate showroom in Vancouver, B.C. tentatively scheduled to open in late July 2009. The appointment-only showroom will be created as a “shop within a shop” concept in the landmark Dayton Boots retail store at 2250 East Hastings Street, Vancouver.
Dussault Founder and Chief Executive Officer Jason Dussault commented, “The Dussault Showroom and Concept Shop will give the Company an ideal consultation and design hub that will allow select clients and retail partners to actively collaborate in the design and creation of one of a kind and unique limited collections.”
Last week, Dussault also filed its quarterly Form 10-Q financial statements with the SEC. The company reported higher revenues of $142,399 and operating income of $82,160, but selling costs and other expenses led to a net loss of $62,420. However, these numbers are improving and the company’s balance sheet remains healthy with $191,696 in cash and low debt.
Dussault primarily sells high fashion hoodies that are designed and marketing under the Dussault Custom Ink trademark. The products are made with high quality materials that are effected with a variety of processes, while the company focuses on exclusivity to maintain its brand. The products are sold primarily in Canada, but also abroad to upscale retailers and boutiques.
In the end, Dussault’s new show room will likely help it better sell its select clients and retail partners on its products. Meanwhile, the company is efficiently working towards profitability, with substantial revenue growth and lowering expenses. Prudent investors may want to wait on the sidelines until the company reports profits, but speculators may consider this an entry point.
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