Plantify Foods, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 24, 2023 at 08:12 am
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Plantify Foods, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 0.117 million compared to USD 0.046 million a year ago. Net loss was USD 0.707 million compared to USD 1 million a year ago. Basic loss per share from continuing operations was USD 0.004 compared to USD 0.01 a year ago.
For the six months, sales was USD 0.266 million compared to USD 0.132 million a year ago. Net loss was USD 1.23 million compared to USD 1.44 million a year ago. Basic loss per share from continuing operations was USD 0.007 compared to USD 0.014 a year ago.
Plantify Foods, Inc. is a Canada-based clean label plant-based food company. The Company is engaged in the development, production, and sales of plant-based foods out of its subsidiaryâs factory located in Kibbutz Gonen, Israel. The Company, through its wholly owned Israeli subsidiary, sells its diverse range of products in Israel, and is expanding across Europe and North America. Additionally, the Company is engaged in developing functional foods. Its technology allows the production of plant-based meat alternatives, dips, and snacks, with natural ingredients to consumers that are free of preservatives and free of common food allergens.