Apex Trader Funding - News
Nevis Brands Reports Financial Results for Q2 2024
* Generated revenue of $436,532 in Q2 VS $380,729 in Q1, an increase of 15%
* The Company reported Gross Profit of $291,392 with Gross Margin of 67%
* When excluding Interest and Tax, Depreciation, and Amortization expense, the Company reported $23,536 in earnings.
SEATTLE, Wash., July 9, 2024 /CNW/ - Nevis Brands Inc (CSE:NEVI) (OTCQB:NEVIF) ("Nevis" or the "Company") a leading provider of cannabis beverages brands, today reported its financial results for the second fiscal quarter, ending May 31st, 2024. All currency references used in this news release are in Canadian currency unless otherwise noted.
For the quarter, Nevis cannabis beverage royalty revenues totaled $436,532 in revenue, Cost of Goods Sold of $145,170 and a Gross Profit of $291,392. This represents growth of 15 percent over revenues from the prior quarter. Net loss for the quarter was $54,788 vs Q1 loss of $97,215. When excluding Interest, Tax, Depreciation and Amortization expenses Nevis reported $23,536 vs -