LONDON, ON, May 28, 2024 /CNW/ - Odd Burger Corporation ("Odd Burger" or the "Company") (TSXV:ODD) (OTCQB:ODDAF) (FSE: IA9) is pleased to announce its financial results for its second quarter, ended March 31, 2024, have been posted with Canadian securities regulatory authorities at www.sedar.com.  "We are very proud of our second quarter results where we posted a record gross profit of $298,162, which represents a gross margin of 37.25% of sales," says James McInnes, Co-Founder and CEO. "Last quarter we reported a record gross margin that was 33.3% of sales, and to increase that by an additional 11.86% is a testament to our continued improvements in efficiency and success in the scaling our operations.  Furthermore, our topline revenue increased by 8.46% from the same quarter last year, and our net loss improved by $588,731, or 60.53%." "We are laser focused on driving Odd Burger towards profitability and we are making tremendous progress towards this goal.  Our restaurant opening in Edmonton, AB on May 11th, 2024 had a record-breaking turnout, and sales in the weeks that followed at this location doubled our expectations.  With 5 additional franchise locations coming this summer alone, expanded CPG distribution points, and a better utilized manufacturing facility, we believe that profitability is within reach and will continue to improve as we scale our business." SUMMARY OF QUARTERLY RESULTS The following table sets forth unaudited selected financial information for each of the last eight quarters. Quarter Ended Mar 31, 2024 Dec 31, 2023 Sept 30, 2023 June 30, 2023 Revenue $800,481 $734,373 $883,596 $839,963