Plantify Foods, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 27, 2023 at 04:13 pm
Share
Plantify Foods, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 0.175 million compared to USD 0.151 million a year ago. Net loss was USD 0.814 million compared to USD 2.43 million a year ago.
For the nine months, sales was USD 0.441 million compared to USD 0.283 million a year ago. Net loss was USD 2.05 million compared to USD 3.87 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.03 a year ago.
Plantify Foods, Inc. is a Canada-based clean label plant-based food company. The Company is engaged in the development, production, and sales of plant-based foods out of its subsidiaryâs factory located in Kibbutz Gonen, Israel. The Company, through its wholly owned Israeli subsidiary, sells its diverse range of products in Israel, and is expanding across Europe and North America. Additionally, the Company is engaged in developing functional foods. Its technology allows the production of plant-based meat alternatives, dips, and snacks, with natural ingredients to consumers that are free of preservatives and free of common food allergens.