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Its big as I can tell. Ive posted before on it
I’m sure this “strategic” partner may have a CEO they can lend us. Hope they get that finalized soon. There just seems to be an overwhelming lack of information/promotion by management for a reason. That reason is what I can’t work out unless it has to do with the strategic partner and our future.
How is ever increasing losses "moving in the right direction"? How is revenue being half of what it was pre-covid "moving in the right direction"?
I not sure what this company has to report and due to make the stock move. Their are very few pinkies with income like we have. Not profitable at the time but moving in the right direction.
I'm sure Roger appreciates all the help he can get. I would post the amazing restatement if I thought it was worth the time. The facts never seem to change anything at Amfil.
Just one example: Income from loan forgiveness changed upward by $938,981. These guys make it up as they go along.
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we need news on the 2 new locations and strategic partner. I have my guesses on all of it ! We had a good ceo in Rogen and we can get one again
The Q4 restatement was not due to any numbers changeing. I just saw minor fixes like the company address, so meh...
$FUNN
Snakes is full of crap. The only way they can put lipstick on this pig is to compare revenue with a period when they were shut down.
Pathetic comes to mind until Snakes gets some REAL management.
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they mentioned their mission is to have snakes "coast to coast".....come on East Coast USA
FUNN times ahead !!!
I think so too !
It says "net Income" dropped from $(39,589) to $(633,222) ....a 1,600% increase in losses for the quarter.
Yeah....great statement.....
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next qtr should kick aask!!
longer hours for most locations = $$$$
FUNN times ahead !!
Pretty pathetic Financial report. Biggest Q loss in years.
The real interesting part is how they sneakily restated Q4/ 2022. We can't believe anything from their financial reporting.....And Management wants to get institutional investment? How laughable.
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Next Q should be even better with the holiday parties and events !
Solid financial report. Simply outstanding and the path continues in the right direction.
This should quiet much of the silly nonsense.
See you at Snakes and Lattes.
Go FUNN!
YOOOO! GM FUNN FAMMERS!) Nice to see nums trending up nicely!
Havent posted in a while here on hub obv lol but wanted to say what upp to those who aren't on tweeter and ST.
Things are beginning to look up here...1st the business getting back on track out of the cv debacle now ONWARDS AND UPWARDS! Looking forward to this making that come back and COME UP that we been waiting on! Happy the company keeping at it and now seems like this is going to get interesting again soon. I will say it again...best subber opp out here in OTCland. Heck the MC is only 5 mil too lol. Looking forward to what haps next here and what the company does next. LETS GO!
Love it ! gotta keep it coming
Looks like management been getting things done! All those improvements making a nice difference in the revs.
Looking forward to the next update!
$FUNN
Nice Q! Revenues solid and locations getting it done! Closing the gap to profitability, and a couple more locations coming.
Great start for the fiscal year!
$FUNN
SNAKES & LATTES INC. Is Pleased to Report a 65% Increase in YOY Q1FY23 Revenue at $1,984,097, Up From $1,203,460 for Q1FY22, With Gross Profits Up 114% From $670,985 to $1,438,243
Press Release | 11/11/2022
TORONTO, ON, Nov. 11, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – SNAKES & LATTES INC. (OTC: FUNN) is pleased to report a 65% increase in year over year Q1FY23 revenue at $1,984,097, up from $1,203,460 for Q1FY22, with gross profits up 114% from $670,985 to $1,438,243.
We are pleased to report financials are trending in the right direction. Patronage has increased with the return of students, and have seen increases in per customer receipts.
Cash on hand at the end of the quarter was $33,440 with total assets of $3,844,156 over total liabilities of $8,990,180. The total outstanding common share count of the company is 758,849,876 as of September 30th, 2022.
Cost of goods sold remains in line with expectations, hovering around 25%.
As previously reported, we have been processing government subsidy loans incurred during the pandemic. We expect another $375,000 to be forgiven during Q2FY23.
Notable Highlights For Snakes & Lattes Locations (Q1 FY23):
‘College’ revenue up 115.52% this quarter from last year
‘Midtown’ revenue up 217.34% from last Q1 last year
‘Annex’ revenue up 147.91% from Q1 last year
‘Tempe’ is EBITDA positive for the 4th quarter in a row with $700k revenue in Q1
‘Tempe’ is on target for $3 million this FY with a net operating income over 5% even with the slower Summer period
‘Chicago’ Q1 saw a 36.84% increase over the previous quarter, this is a strong revenue improvement, trending to be EBITDA positive by Q3
‘Tucson’ saw revenues increase by 11.98% for the quarter and a particularly strong September with the return of students
Overall metrics have been improving as operational excellence initiatives and efficiencies are being actualized through a continuous flow of small improvements over time. While any singular change may not instantaneously move the needle, over time and in aggregate they collectively make a very significant impact. As we see more locations become EBITDA positive, we see the collective impact of our efforts.
Types of improvements we have implemented covering various aspects and areas of running the Snakes & Lattes locations:
Sourcing additional vendors for product stability and availability
Leveraging buying power by negotiating national contracts, discounts or fee reductions
Using technology for alerts when product purchases go above a price threshold. We use specialized software to help keep an eye on tedious pricing changes and profitability.
Utilizing online menus for easy pricing adaptability for menu adjustments
Allowing guests to place their own food and drink orders, freeing staff to focus on the customer experience and less on transactions with less labor
Pre-selling tickets for special events, allowing for better cash flow and labor forecasting
“The first quarter of the new fiscal year was a great start overall. The changes we have made over the past couple of years is paying off in markedly increased revenues per customer. As patronage continues to rise back towards pre-covid customer levels, it puts us on track for our financial goals,” said Snakes & Lattes Inc. Founder, Ben Castanie.
Ben continued, “For the first time since the pandemic, all the Canadian locations were EBITDA positive. The rise and trend in our metrics are very motivating. We do note the PPP loans and other subsidies are impacting the P&L read, but this should stop after Q2.”
Looking forward:
As we move to the busy holiday season, we are quite optimistic for a great quarter with all locations open full-time. Fiscal Year 2023 is looking to be a great growth year.
Locations have been booking holiday corporate and private events
We are receiving excellent industry recognition at the annual TAGIE awards in November
The company continues to work on other promising initiatives, which in turn are expected to continue to impact positively on the yearly aggregate growth. Details will be released on new initiatives and/or locations as milestone information becomes available.
As always, a big thank you to all our supporters and loyal customers, we continue to serve in honor to create the best possible experience for our patrons. The future of Snakes and Lattes is very bright as we continue to add on new locations, take on lucrative strategic partnerships and build our brand. Creating memorable, quality human interactive experiences keeps us going, and at all times we keep the mission of ‘Snakes and Lattes locations coast to coast’ at the forefront of our strategy.
See you at Snakes & Lattes!
About Snakes & Lattes Inc.
Snakes & Lattes Inc. currently operates 7 tabletop gaming bars and cafes: 3 located in Toronto, Ontario, Canada, 1 in Tempe, Arizona, 1 in Tucson, Arizona, 1 in Provo, Utah, and 1 in Chicago, Illinois. The company is in the process of expanding throughout North America. Snakes & Lattes Inc. was the first board game bar and cafe in North America, and is believed to be the largest in the world. Our board game cafes have the largest circulating public library of board games in North America for customers to choose from.
For more information on Snakes & Lattes Inc., please visit the website at: www.snakesandlattes.com.
For further updates from Snakes & Lattes inc., please follow us on Twitter @SnakesandLattes.
Safe Harbor Statement
This news release contains statements that involve expectations, plans or intentions (such as those relating to future business or financial results, new features or services, or management strategies) and other factors discussed from time to time in the Company's OTC Market or Securities and Exchange Commission filings. These statements are forward-looking and are subject to risks and uncertainties, so actual results may vary materially. You can identify these forward-looking statements by words such as "may," "should,", "will", "expect," "anticipate," "believe," "estimate," "confident," "intend," "plan", “trending” and other similar expressions. Our actual results, such as the Company's ability to finance, complete and consolidate acquisition of IP, assets and operating companies, could differ materially from those anticipated in these forward-looking statements as a result of certain factors not within the control of the company such as a result of various factors, including future economic, competitive, regulatory, and market conditions. The company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The company disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
Contact:
Ben Castanie
Snakes & Lattes Inc.
Telephone: (646) 992 3348
Email: investors@snakesandlattes.com
No one knows about the stock... let's spread it around the different message boards. Momos stock picks, etc...
We need some good PR around this terrific news. There is ZERO reason this should be sub-penny now. This company is making bank.
$2M in revenue for the qtr !!!
FY21 made $2M for the whole year.
What a nice turnaround folks!!
FUNN times ahead!
I don't know to read this. Whats it say about revenue Thanks J !
Looks like it is out this morning:
https://www.otcmarkets.com/otcapi/company/financial-report/351181/content
$FUNN
We know the cafe general managers are making it happen and opening the door at the locations. It is Ben. He sucks huge ass at drawing any new attention because he is a lousy senior manager holding titles he has no business holding. He is a hinderance to this company, nowhere near maximizing anything. It would help to have a business plan and stick to it. Most of what Ben has said has failed to ever materialize.
Ben is asleep under a tree probably smoking it.
Not with packed locations bringing in millions in revenues
$FUNN
and announce 2 new locations
if they are smart ....tomorrow
No shares traded today management must still be asleep under a tree !
10-Q is due Monday, November 14, 2022.
$FUNN
So anytime soon or shortly. .
lol
They are due Monday 11/4/22
last year they were announced 11/17 so correct very soon they have to update us and release numbers!
Go FUNN times ahead!!
Q1 FY23 Revenues coming soon! Looking forward to seeing them, I'm optimistic it will continue to climb and be on track to close the gap to overall profitability.
I know the locations been busy since students returned so feeling good!
$FUNN
Q is due Monday....not that it can be relied on given the 3rd grade reporting in the past.
I'd buy a ton if news came out positive
but not wasting 7.00 on 10 shares
Will anybody buy 10shares today ?
It will matter little if we do not get any attention. Volume is a huge indicator there is a huge non interest here. Ben is starving the public side and not reaching new investors. Our investments here are beyond stagnant.
FUNN snakes packed every day!!!
Revenues should be awesome this quarter
He hasn’t done hardly shit since Rogen left. Ben is almost more of a hindrance than Roger. Mays of well call Larry the CEO. The whole team are stupid ass idiots with no business operating this company or being the leader of a public company. Liking board games and eating food is not a qualification and he is by far not the best person to run this company. I vote for Susan as CEO!!!
he reminds of ex-workers I fired for procrastination. Those guys who start a project and never complete it bc they are clueless
At a boy BenDover! Keep up the good work!
NEWS!!!!
Ben has been very busy doing nothing other than being a completely worthless manager revealing his lack of ability, qualification, and efforts to do anything positive for this company. He is busy being worthless.
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Snakes and Lattes, Inc. is the parent company to two subsidiaries
(Formerly known as Amfil Technologies, Inc. - waiting on FINRA for official name change)
**** Snakes and Lattes Investor Presentation Deck ****
**** Last Reported Share Structure ****
As of 07/15/2024
Authorized: 800,000,000
Outstanding: 791,159,680
Float: 509,072,305
http://www.otcmarkets.com/stock/FUNN/profile
http://www.otcmarkets.com/stock/FUNN/quote
http://www.otcmarkets.com/stock/FUNN/news
Subsidiaries
Board Game Café
Snakes & Lattes is Canada’s premiere board game café. Enjoy healthy and comfort food, drinks and spirits, coffee and tea while playing games from their vast selection. The games are organized so you can quickly find your favorite or discover something new. Don’t know what to play or want a suggestion? Snakes & Lattes has game gurus at every location willing to help! Waiting lines are typical at each location and each is highly positively reviewed on social review sites. Snakes locations also have periodic exciting events like Game Designer nights for upcoming game creators to test out their creations with real game enthusiasts..
Corporate owned/Franchising/Joint ventures
There are currently 3 locations in Toronto, Canada and the FIRST location in the U.S.A. opened in Tempe, Arizona on October 12th, 2018, with their largest and most extravagant acquisition in Chicago as their SECOND U.S.A location. The company has created a Snakes & Lattes USA Expandion and Buildout (SLUEB) team for rapid expansion via corporate location funding and joint ventures across North America, with the ultimate goal of reaching Europe and Asia. The Expansion team is currently on tour with interested parties for corporate locations in major cities across the USA. They are in active negotiation with multiple interested parties and continue to receive high interest as awareness of the brand and expansion effort grows.
Game retailer
Snakes & Lattes sells games direct at each location and online. As a master distributor, Snakes & Lattes buys below wholesale; capturing a higher margin on sales.
Event planning
Snakes & Lattes flagship Midtown location is the alpha model which all franchises and joint ventures will be based. The 10,000 sq.ft. café offers event services for parties; both private and corporate. Snakes provides a unique and enjoyable experience: Supplying a variety of foods, beverage, and games. On site Game gurus will help ensure a maximum good time. More and more corporate and private events are discovering Snakes as a great place to hold their events! This is one of the many rapidly growing segments of the business. Snakes also has a ‘Snakes-On-The-Go’ experience, a mobile version where they will bring the Snakes experience to you.
Marketing
Snakes & Lattes has game launching services for up and coming game publishers. Snakes’ experienced Gurus provide critical feedback and test play. Snakes marketing services for potential new game publishers including decor, themed cocktails, pastries, drawings, sales displays, online videos in the same way Hollywood launches movies. This provides Snakes with a unique advantage in being able to secure exclusive distribution rights with game designers once the game is launch ready.
What sets Snakes and Lattes apart?
There are many game board cafes out there, and more popping up all the time. This is a good thing! Game Board Cafes (GBC) is a fledgling industry, and has many years of growth ahead of it. There will be many one-off cafes and just as there are coffee shops, there will be some great ones! However, there is only one Snakes & Lattes Game Board Café. There is only one GBC that is also a brand, where the café location is only one part in the entire supply chain.
Snakes and Lattes has everything: Design, Publishing, Distribution, Fulfillment, Online and Retail Sales, Casual Food and Entertainment and Event Services.
More information can be found at: www.snakesandlattes.com
History of Snakes & Lattes:
• Unique idea, strategy fuel game cafe's success
X (Twitter) | YouTube | TikTok |
Interloc kings was established by Roger Mortimer in April of 2009. Interloc Kings is the premier landscape construction and snow removal service provider serving the GTA and York Region of Canada since 2009.
The team of designers and installation technicians delivers cutting edge landscape designs.
The company is rated A+ by the Better Business Bureau since becoming a member in 2011.
The company has a 9.7/10 rating on HomeStars.
Specializing in stone and wood installations between $5,000 and $150,000 per project, Interloc-Kings Inc. has quickly become a top, high quality installation company of outdoor living areas.
Mr. Mortimer brought this company into the Amfil Tec. umbrella in 2013 and as a result, he became CEO of Amfil Tech. at that time.
As the company continues to grow, the vision is to spin Interloc Kings off into a public company (shareholders will receive free shares of the new company) and grow Interloc Kings into a franchising network that will cross the United States border.
More information can be found at www.interloc-kings.com
Financials
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FUNN Timeline Presentation |
A visit to Snakes & Lattes Midtown - with Zee | Sam's Day Trip To Snakes & Lattes Midtown in Toronto |
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