OG.V -- Rapidly expanding, profitable organic grocerOG (Organic Garage) is reporting 12th consecutive month of sales growth. It has just announced entering plant based cheese and butter market which is a multi-billion dollar space. Chart is primed for another leg up following the bullish MACD cross and gap fill yesterday.
Organicgarage
OG looking to pump higher.Again being a penny stock we need to understand out risks here with how they can play out. If the bust they bust, you loose a chunk of coin. Now this company is based in Ontario and has multiple locations around the GTA and is finally pulled some great numbers in Q2.
Q2 Financial Results (comparison to quarter ended July 31, 2019):
- Sales increased 29% to $8.1 million from $6.2 million
- Normalized gross profit1 percentage increased to 29.0% from 23.9%
- Gross profit dollars increased 47% to $2.2 million from $1.5 million
- Net loss of $0.01 per share compared to a net loss of $0.03 per share
- EBITDA increased to earnings of $0.4 million from a loss of $-0.4 million
Cash balance: Increased to $0.9 million as compared to $0.2 million as of January 31, 2020.
Further information can be found on their latest press release.
September 29, 2020: Organic Garage Reports Second Quarter Results and a 29% Increase In Sales
www.organicgarage.com
