Pervasip Reports Slight YoY Decrease In Q1 Revenue As It Prepares For Cannabis Spin-Off
Pervasip Reports Slight YoY Decrease In Q1 Revenue As It Prepares For Cannabis Spin-Off
Pervasip Corp. (OTCPK: PVSP) announced its 2024 first-quarter financial results on Tuesday. Simultaneously, the Seattle-based company said it's still in the restructuring process and preparation for the spin-out of all of its cannabis assets.
Pervasip公司(OTCPK:PVSP)于周二公布了2024财年第一季度的财务结果。与此同时,这家总部位于西雅图的公司表示,它仍在进行重组和准备将其所有大麻股份剥离。
"We are entering our final phase of restructuring which involves making difficult decisions to ensure additional expense reductions and separating the company from assets it has held for many years," German Burtscher, Pervasip's president and chief executive officer said.
“我们正在进入最后的重组阶段,这涉及做出艰难的决定,以确保进一步减少支出并将公司与其长期持有的资产分离,”Pervasip总裁兼首席执行官德国·伯兹切尔说。
Additionally, as part of the restructuring, George Jordan has resigned from his duties as CFO and COO of the company and will stay on as an advisor, supporting management through its final phase of changes in preparation for the spin-out of Artizen Corporation.
此外,作为重组的一部分,乔治·乔丹已辞去公司首席财务官和首席营运官的职务,并将担任顾问,通过支持管理层度过其准备将Artizen Corporation剥离的最后变革阶段。
Q1 2024 Financial Highlights
2024年第一季度财务亮点
- Gross profit totaled $831,079 on $3,347,086 in revenues, compared to gross profits of $716,213 during the same period in 2023.
- Gross margins increased from 20% to 25%, representing a 25% increase.
- Revenues of $3.34 million decreased slightly from 2023 first quarter revenues of $3.66 million.
- Operating loss for the quarter increased to $618,623, deeper than the $501,283 loss reported in the first quarter of 2023. This increase is attributable to one-time expenses related to the restructuring of operational staff and the completion of the company's 2022 audit.
- Operating cash flow amounted to $98,320 compared to negative cash flow of $38,044 during the same period in 2023.
- Generated first retail sales in the Oregon recreational market, fulfilling the company's goal of expanding its retail brand on the West Coast.
- 毛利润为831,079美元,营业收入为3,347,086美元,相比之下,2023年同期的毛利润为716,213美元。
- 毛利率从20%上升至25%,增长了25%。
- 营业收入为334万美元,略低于2023年第一季度的366万美元。
- 本季度营业亏损增加至618,623美元,比2023年第一季度报告的501,283美元的亏损更加深刻。这一增长归因于一次性费用,涉及运营人员的重组和公司2022年审计的完成。
- 本期营业现金流量为98320美元,2023年同期为负现金流量38044美元。
- 在俄勒冈州的娱乐市场上实现了首次零售销售,完成了扩展其西海岸零售品牌的目标。
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- Pervasip将进入俄勒冈州的娱乐大麻市场。
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