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Fresh Vine Reports Q3 2022 Revenue Was Flat

Fresh Vine Reports Q3 2022 Revenue Was Flat

Fresh Vine報告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日的三個月裏，由於訂單的時間安排和季節性，淨收入與2021年同期持平。在截至2022年9月30日的9個月中，我們的淨收入與2021年同期相比增長了136%。前九個月淨收入的增長主要歸因於我們在批發市場的佔有率增加和品種供應的增加。與不斷增長的銷售額相關，在截至2022年9月30日的三個月和九個月裏，由於出貨量和更高的存儲費用，收入成本與2021年同期相比分別增長了86%和190%。由於2022年第三季度採取的現金保存舉措，我們的淨虧損連續減少了200萬美元，2022年第三季度的淨虧損從2022年第二季度的約460萬美元減少到約260萬美元。

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