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Soupman Q1 2016 net revenue increased 12.5%, gross profit 379%

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Staff writer ▼ | January 19, 2016
Soupman announced financial results for the first quarter of fiscal 2016 ending November 30, 2015. Net revenue increased by 12.5% to $0.7 million, compared to the three months ended November 30, 2014, due to strong growth in Tetra Pak sales.
Soupman
Soupman   Net loss was $0.7 million
Operating loss was $0.4 million in Q1 2016.
Gross profit increased by 379% over the same quarter of fiscal 2014 to $0.3 million. Operating expenses were $0.7 million compared to $0.5 million in last year’s first quarter. Operating loss was $0.4 million in the first quarter of fiscal 2016 compared to a $0.5 million operating loss in the first quarter of fiscal 2015.

Net loss for the three months ended November 30, 2015 was $0.7 million, or $0.01 per share, compared to a net loss of $1.1 million, or $0.02 per share for the three months ended November 30, 2014.

Per share results are based on average weighted shares outstanding of 72,277,520 and 48,071,302 for the first quarter of fiscal 2016 and 2015 respectively.


 

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