2023-05-02 10:56:45 ET
- Gabriella's Kitchen press release ( OTCPK:GABLF ): Q4 Mankind saw a 16% ($1.0 million) drop in revenue as compared to the same quarter in the prior year. When you compare the 2021 nine months of operations with the same period in 2022, revenue from Mankind decreased $4.2 million (21%). A reduction in curbside sales over this period ($2.4 million) represented 56% of the decrease.
- The net loss of $29.3 million increased by $19.5 million over 2021 primarily as a result of increased non-cash items, namely, impairment losses, which were $20.1 million higher in 2022 than in 2021 and the increase in exchange loss on translating the promissory note to CAD (held at GABY Inc) of $1.4 million.
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Gabriella's Kitchen reports Q4 results