Boss Holdings, Inc. Reports Earnings Results for the First Quarter Ended March 26, 2022
August 09, 2022 at 07:53 pm
Share
Boss Holdings, Inc. reported earnings results for the first quarter ended March 26, 2022. For the first quarter, the company reported sales was USD 15.9 million compared to USD 13.59 million a year ago. Net loss was USD 0.702 million compared to net income of USD 6.33 million a year ago. Basic loss per share from continuing operations was USD 0.35 compared to basic earnings per share from continuing operations of USD 3.33 a year ago. Diluted loss per share from continuing operations was USD 0.35 compared to diluted earnings per share from continuing operations of USD 3.18 a year ago. Basic loss per share was USD 0.35 compared to basic earnings per share of USD 3.33 a year ago. Diluted loss per share was USD 0.35 compared to diluted earnings per share of USD 3.18 a year ago.
Boss Holdings, Inc. is engaged in the importing, marketing and distribution of pet supplies and cell phone accessories, as well as custom imprinting of inflatable and other products for the advertising specialties industry. The Company operates through three segments: Boss Pet Products, Inc. (Boss Pet), Galaxy Balloons, Incorporated (Galaxy Balloons) and Aries Manufacturing. The Boss Pet segment distributes a range of pet products, and pet grooming tools and supplies to professional groomers, boarders, veterinarians and consumers through its Website and catalogs, as well as wholesale distribution to retailers. The Galaxy Balloons segment is a custom imprinter and wholesale distributor of promotional and specialty products. The Aries Manufacturing segment is a wholesale distributor of cell phone accessories. The Company sells its products primarily through distributors and manufacturerâs representatives and by direct marketing to consumers through an e-commerce Website.