Again being a penny stock we need to understand out risks here with how they can play out. If the bust they bust, you loose a chunk of coin. Now this company is based in Ontario and has multiple locations around the GTA and is finally pulled some great numbers in Q2.
Q2 Financial Results (comparison to quarter ended July 31, 2019):
- Sales increased 29% to $8.1 million from $6.2 million
- Normalized gross profit1 percentage increased to 29.0% from 23.9%
- Gross profit dollars increased 47% to $2.2 million from $1.5 million
- Net loss of $0.01 per share compared to a net loss of $0.03 per share
- EBITDA increased to earnings of $0.4 million from a loss of $-0.4 million
Cash balance: Increased to $0.9 million as compared to $0.2 million as of January 31, 2020.
Further information can be found on their latest press release.
September 29, 2020: Organic Garage Reports Second Quarter Results and a 29% Increase In Sales
www.organicgarage.com/investors
Q2 Financial Results (comparison to quarter ended July 31, 2019):
- Sales increased 29% to $8.1 million from $6.2 million
- Normalized gross profit1 percentage increased to 29.0% from 23.9%
- Gross profit dollars increased 47% to $2.2 million from $1.5 million
- Net loss of $0.01 per share compared to a net loss of $0.03 per share
- EBITDA increased to earnings of $0.4 million from a loss of $-0.4 million
Cash balance: Increased to $0.9 million as compared to $0.2 million as of January 31, 2020.
Further information can be found on their latest press release.
September 29, 2020: Organic Garage Reports Second Quarter Results and a 29% Increase In Sales
www.organicgarage.com/investors