Verde's Q1 2022 Revenue Grows 1,260%
BELO HORIZONTE, Brazil -- (Business Wire) --
Verde AgriTech Plc (TSX: "NPK") (OTCQB: "AMHPF") ("Verde" or the "Company") is pleased to announce its financial results for the first quarter of 2022 ("Q1 2022").
Q1 2022 Financials
Revenue increased by 1,260% in Q1 2022, to $11,304,000 compared to $831,000 in Q1 2021.
Revenue in Brazilian Real ("R$") increased by 1,196% in Q1 2022, to R$46,627,000 compared to R$3,597,000 in Q1 2021.
Sales by volume increased by 574% in Q1 2022, to 111,667 tonnes sold compared to 16,558 tonnes sold in Q1 2021.
Gross margin increased to 77% in Q1 2022, compared to 41% in Q1 2021.
EBITDA before non-cash events increased to $3,678,000 in Q1 2022, compared to an operating loss of $887,000 in Q1 2021.
Net profit increased to $3,033,000 in Q1 2022, compared to a net loss of $1,811,000 in Q1 2021.
Full release: Verde-AgriTech-Q1-2022-Press-Release-May-11-2022.pdf |
