(via TheNewswire)
For the three-month period ended
- Revenue of
$2,705,518 for Q2 2020 versus revenue of$2,730,626 for the comparable Q2 2019;- Gross margin of
$227,256 for Q2 2020 versus gross margin of$224,014 for the comparable Q2 2019;- Net Income of
$19,769 for Q2 2020 versus net income of$116,607 for the comparable Q2 2019;
- Bad Debt expense in Q2 2020 of
$79,614 ;- Cash and cash equivalents of
$3,138,845 as atJune 30, 2020 ;- Increased marketing efforts for MCT Oil;
Financial Highlights
---------------------------------------------------------------- | |Three-Month Periods Ended|Six-Month Periods Ended| |--------------------------------------------------------------| | |June |June |June |June | | |30, |30, |30, |30, | | |2020 |2019 |2020 |2019 | |--------------------------------------------------------------| |Sales |$2,705,518 |$2,730,626 |$5,251,939 |$5,362,208 | |--------------------------------------------------------------| |Gross Margin|$227,256 |$224,014 |$378,108 |$414,437 | |--------------------------------------------------------------| |Net Income |$19,769 |$116,607 |$94,261 |$131,266 | |--------------------------------------------------------------| |Earnings |$0.00 |$0.003 |$0.002 |$0.003 | |per Share | | | | | ----------------------------------------------------------------
About Sunora Foods
For further information, please contact:
Investor Relations
T: (403) 617-7609
E: dean@boardmarker.net
Steve Bank
Chief Executive Officer and President
T: (403) 247-8300
E:steve.bank@sunora.com
Neither the TSX Venture nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this release.
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Copyright (c) 2020 TheNewswire - All rights reserved., source