Simply Better Brands Corp. (TSXV: SBBC) (OTCQB: PKANF) reported on Tuesday interim financial results for the three months ended June 30, 2023.
"As our Q2 2023 financial and commercial results illustrate, we are positioned for continued revenue growth, profit improvement, and debt reduction in 2023," Kathy Casey, SBBC CEO, said. "Our strategic priorities remain to lead consumer-centric innovation and relentlessly acquire customers to these emerging brands by driving category and channel expansion."
Q2 2023 Financial Highlights
- Revenue totaled $23.6 million, representing an increase of $6.7 million or 40% growth compared to $16.9 million in the second quarter of 2022.
- Gross profit was $13.7 million (58%) compared to $11.7 million (69%) in the second quarter of 2022.
- Gross profit margin was down 11 percentage points over the gross profit in the comparable period of 2022, driven …