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 Corp.（場外交易代碼：PVSP）週二公佈了其2024年第一季度財務業績。同時，這家總部位於西雅圖的公司表示，它仍在重組過程中，爲分拆其所有大麻資產做準備。
"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.
Pervasip總裁兼首席執行官German Burtscher表示：“我們正在進入重組的最後階段，其中包括做出艱難的決定，以確保進一步削減開支，並將公司與其多年持有的資產分開。”
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，作爲重組的一部分，喬治·喬丹已辭去公司首席財務官和首席運營官的職務，並將繼續擔任顧問，在變革的最後階段爲管理層提供支持，爲Artizen Corporation的分拆做準備。
Q1 2024 Financial Highlights
2024 年第一季度財務摘要
- 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.
- 總利潤爲831,079美元，收入爲3,347,086美元，而2023年同期的毛利爲716,213美元。
- 毛利率從20％增加到25％，增長了25％。
- 收入爲334萬美元，較2023年第一季度的366萬美元收入略有下降。
- 該季度的營業虧損增至618,623美元，高於2023年第一季度公佈的501,283美元的虧損。這一增長歸因於與運營人員重組和公司2022年審計完成有關的一次性支出。
- 運營現金流爲98,320美元，而2023年同期的負現金流爲38,044美元。
- 在俄勒岡州娛樂市場實現了首次零售銷售，實現了該公司在西海岸擴展其零售品牌的目標。
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譯文內容由第三人軟體翻譯。