Another record breaking quarter! Financial results for the period ending Dec. 31 2023 were just released and once again we broke a couple of records! First off, we reported our lowest quarterly loss in two years, reducing our quarterly loss to only $275,808, a 78.1% decrease or ~ $1M less than the same quarter last year. We also posted our highest gross margin since going public, coming in at 33.3% of revenue, compared to 15.4% from the same quarter last year, an increase of 103.3%! Our focus this quarter was on improving profitability and we were very successful in this endeavour, despite some pressure on our top-line revenue due to lower discretionary spending by consumers. It's great to see our efficiencies translating into improved financial performance and putting us on a path towards profitability! #firstquarterresults #financials #vegan #plantbased #restaurant #fastfood #publiccompany #stockmarket #investing #franchising
Fantastic!!!
Amazing, congrats
Good work. It's tougher out there than most people think. Good progress.
33% in this business. In this economy. Unbelievable results James!
Keep up the great work and delicious product! 👌🍔
Congratulations to you and your team.🙂
Get it!
Amaaazing!
Edward Don Food and Beverage Guru
7moAmazing! James McInnes when can we connect?