ManifestSeven Holdings Corp (MNFSF)

[corguo]

Third Quarter 2020 Financial Results
Revenue for the three and nine months ended August 31, 2020 increased 64% and 96% year-over-year to $4.7 million and $13.8 million, respectively.
Revenue from cannabis distribution, delivery, and dispensary operations, the Company’s core operating segment, for the nine months ended August 31, 2020 increased 217% year-over-year to $9.3 million.
The Company generated record revenue of $3.5 million from ongoing cannabis operations for the three months ended August 31, 2020, an increase of 94% year-over-year and 30% sequentially.
Gross margin for the nine months ended August 31, 2020 was 31% of revenue, up from 30% of revenue year-over-year, while gross margin from cannabis operations for the nine months ended August 31, 2020 was 30% of revenue, up from 17% year-over-year.
Adjusted EBITDA loss for the three months ended August 31, 2020 decreased 69% year-over-year and 8% sequentially to ($1.3) million.
Net loss from operations for the three months ended August 31, 2020 decreased 59% year-over-year and 8% sequentially to ($1.9) million.
https://www.manifest7.com/2020/10/29/manifestseven-reports-third-quarter-2020-financial-results/

Second Quarter 2020 Financial Results
Revenue increased 116% year-over-year and 23% sequentially to $5.0 million.
Gross profit increased 216% year-over-year and 40% sequentially to $1.8 million.
Gross margin was 35.1% of revenue, up from 24.0% of revenue for the second quarter ended May 31, 2019, and 30.8% of revenue for the first quarter ended February 29, 2020.
Net loss decreased 64% year-over-year and 79% sequentially to ($1.1) million.
https://www.businesswire.com/news/home/20200805005251/en/ManifestSeven-Reports-Second-Quarter-2020-Financial-Results