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Fresh Vine Reports Q3 2022 Revenue Was Flat

Fresh Vine Reports Q3 2022 Revenue Was Flat

Fresh Vine报告2022年第三季度收入持平
Benzinga Real-time News ·  2022/11/14 17:02

For the three months ended September 30, 2022, net revenue was flat compared to the same periods in 2021 due to timing of orders and seasonality. For the nine months ended September 30, 2022, we experienced an increase of 136% in net revenue compared to the same periods in 2021. The increase in net revenue for the nine-month period was primarily attributable to our increasing presence in the wholesale market and additional varietal offerings. In correlation with increasing sales, the cost of revenues during the three and nine months that ended September 30, 2022, increased 86% and 190%, respectively, compared to the same periods in 2021 due to volumes of shipments as well as higher storage fees. As a result of the cash preservation initiatives undertaken in the third quarter of 2022, we reduced our net loss by $2 million on a sequential basis, to approximately $2.6 million in the third quarter of 2022 as compared to approximately $4.6 million during the second quarter of 2022.

在截至2022年9月30日的三个月里，由于订单的时间安排和季节性，净收入与2021年同期持平。在截至2022年9月30日的9个月中，我们的净收入与2021年同期相比增长了136%。前九个月净收入的增长主要归因于我们在批发市场的占有率增加和品种供应的增加。与不断增长的销售额相关，在截至2022年9月30日的三个月和九个月里，由于出货量和更高的存储费用，收入成本与2021年同期相比分别增长了86%和190%。由于2022年第三季度采取的现金保存举措，我们的净亏损连续减少了200万美元，2022年第三季度的净亏损从2022年第二季度的约460万美元减少到约260万美元。

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