Digipath Inc (DIGP)

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Digipath Announces Record Fiscal Year Results for 2017

SOURCE: https://www.dailymarijuanaobserver.com/single-post/2018/01/02/DIGP-Digipath-Announces-Record-Fiscal-Year-Results-for-2017


Digipath Announces Record Fiscal Year Results for 2017
January 2, 2018

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PR Newswire


LAS VEGAS, Jan. 2, 2018 /PRNewswire/ -- Digipath, Inc. (OTC:DIGP) ("DIGP" or the "Company"), a service oriented independent testing laboratory and media firm focused on the developing cannabis market, today announced financial and operating results for the fiscal year ended September 30, 2017.
Ended fiscal year debt free with $380,189 of working capital, including $178,177 of cash on hand

Annual sales were $1,898,172, an increase of 132% on a year-over-year basis

Fourth quarter sales of $602,057 increased by 74% over the third quarter, and by 93% vs. the fourth quarter of 2016, as Nevada recreational cannabis sales commenced in July 2017, resulting in another record quarter

Reduced our net loss by 71% over the comparative net loss in 2016

Adjusted EBITDA for the year was $(375,377), compared to Adjusted EBITDA of $(949,946) for the previous fiscal year, an improvement of approximately 60% on a year-over-year basis

REST OF ARTICLE: https://www.dailymarijuanaobserver.com/single-post/2018/01/02/DIGP-Digipath-Announces-Record-Fiscal-Year-Results-for-2017