Plantify Foods, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 25, 2022 at 05:17 pm
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Plantify Foods, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 0.151 million compared to USD 0.064 million a year ago. Net loss was USD 2.43 million compared to USD 0.222 million a year ago. Basic loss per share from continuing operations was USD 0.02.
For the nine months, sales was USD 0.283 million compared to USD 0.202 million a year ago. Net loss was USD 3.87 million compared to USD 0.68 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.01 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.
PLANTIFY FOODS, INC. 
