Thursday, August 20, 2020 12:48:23 PM
Net sales for the full year of fiscal 2020 totaled NZD$90.1 million, or USD$58.5 million, compared to NZD$111.9 million, or USD$72.7 million, for the full year of fiscal 2019.
Gross profit margin as a percentage of revenue increased to 37.5% in the full year of fiscal 2020, as compared to approximately 33.5% in the full year of fiscal 2019.
Operating expenses decreased to NZD $60.28 million, or USD$39.18 million, in the full year of fiscal 2020, compared to NZD$70.82 million, or USD$46.03 million, in the full year of fiscal 2019, which is a 15% saving.
Net loss totaled NZD$52.2million, or USD$33.9 million, in the full year of fiscal 2020, or NZD$34.74, or USD$22.58, per basic and diluted share, compared to a net loss of NZD$49.2 million, or USD$32.0 million, in the full year of fiscal 2019, or NZD$200.77, or USD$130.50, per basic and diluted share.
EBITDA loss totaled NZD$16.2 million, or USD$10.5 million, in the full year of fiscal 2020, a 37% improvement when compared to the full year of fiscal 2019 adjusted EBITDA loss of NZD$25.6 million or USD$16.6 million.
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