COSM - Cosmos Holdings Non-GAAP EPS of $0.01 revenue of $12.36M

2023-08-15 09:27:30 ET

• Cosmos Holdings press release ( NASDAQ: COSM ): Q2 Non-GAAP EPS of $0.01.
• Revenue of $12.36M (-6.4% Y/Y).
• Notes payable (current portion) decreased by 59% to $0.89 million in Q2 2023 from $2.16 million in Q4 2022, and notes payable (long-term portion) decreased by 12% to $2.52 million in Q2 2023 from $2.86 million in Q4 2022, while lines of credit decreased by 18% to $4.73 million in Q2 2023 from $5.76 million in Q4 2022.
• Total stockholders' equity increased by 12.88% to $44.35 million in Q2 2023, up from $39.28 million in Q4 2022. Relative to the Company's total assets, which increased to $69.2 million, this equates to a Stockholders Equity to assets ratio in excess of 60%, indicating the Company's prudent approach to financing.

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