Pervasip Corp. (OTCPK:PVSP) released its unaudited financial statements for its fiscal years ended November 30, 2022, and November 30, 2021.
Key Highlights
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Wholesale sales increased in volume by 65.1% with an additional margin capture of 31.6% based on management’s margin improvement measures, while retail sales decreased due to market price pressure resulting in reduced sales volume by 7.3% and $15.8 million in overall sales for the year.
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Gross revenues were comprised of retail sales that decreased by 6.8% with 37.5% in gross margin, and wholesale sales that increased by 65.1% with materially lower margins depressing aggregate gross profit for the year.
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Gross profit for the year was …