TRUFF - Red Light Holland's Q1 2024 Performance: Revenue Soars 53% And Solid Cash Balance | Benzinga
Ontario-based mushrooms producer Red Light Holland Corp. (OTCQB: TRUFF) filed its quarterly financial statements, management discussion and analysis for the three months ended June 30.
The Numbers:
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Cash and cash equivalents totaled $12.9 (CA$17.5) million in June 30, 2023 compared to the $13.6 held in March 31, 2023 and to the almost $17 million held by the end of the comparable quarter in 2022.
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Quarterly revenue of $885.396 vs. $578.451 in the same period in 2022, a 53.1% increase; and gross profit of $385.417 vs. $213.071, representing an 80.9% increase jump from one year to the next.
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Quarter’s operating expenses of $1.9 million vs. $1.2 in the same period in 2022.
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Quarterly net loss of $1.4 ...