Fourth Quarter Fiscal Year 2022 Company Highlights
- Revenues in Q4 2022 were
$712,935 versus$606,240 for the year ago quarter, an increase of almost 18%. - Gross Margins in Q4 2022 were 43.4% versus 34.2% for the year ago quarter, an increase of 26.9%.
Management Comment
“During difficult times, there is a flight to quality and consistency. This has been evident in the increased revenues,” said Stone Douglass, Chairman of
About
Information about Forward-Looking Statements
This press release contains “forward-looking statements” that include information relating to future events. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management's good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in, or suggested by, the forward-looking statements. Important factors that could cause these differences include, but are not limited to: the Company's need for additional funding, the demand for the Company's products, governmental regulation of the cannabis industry, the Company's ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company's liquidity and financial strength to support its growth, and other risks that may be detailed from time-to-time in the Company's filings with the
Investor Relations & Financial Media
info@digipath.com
(702)209-2429
![](https://ml.globenewswire.com/media/MTE0MTNlZWYtMzM4MS00MDUxLWI4M2YtZjk1OTlmZGVlZDY2LTUwMDA2Nzk2Mg==/tiny/Digipath-Inc-.png)
2022 GlobeNewswire, Inc., source