Komo Plant Based Foods Inc (KOMOF)

[Mr. Zen]

Just when you think you got played and bought something you shouldn't have... Thanks Willy, sorry I doubted you!!! good job.

Financial highlights:

Revenue in fiscal 2022 increased 935 percent to $650,249 as compared with $62,835 in fiscal 2021 primarily driven by an increase of $419,789 in wholesale revenues sales and $167,625 in direct to consumer revenue due to an expansion of retail distribution points and continued growth through new and repeat orders;
Increase in number of Canadian distributors from 4 to 7 in fiscal 2022;
Wholesale revenue increased 2,594 per cent to $435,969 in fiscal 2022 compared with $16,180 in fiscal 2021;
Wholesale distribution points increased from 110 locations at July 31, 2021 to 360 locations at July 31, 2022 to 476 distribution points at November 28, 2022 (the number of retail locations carrying Komo products);
Direct to Consumer sales increased 359 percent to $214,280 in fiscal 2022 compared with $46,655 in fiscal 2021;
Gross margin was 34 percent of revenue, and gross profit was $220,093 in fiscal 2022 compared with 44 percent and $27,691 in fiscal 2021;
Gross profit was $220,093 for the year ended July 31, 2022, presenting an increase of 695% from the prior year.
Net loss was ($4,602,803) in fiscal 2022 compared with ($6,472,166) in fiscal 2021;
Advertising and promotion expenses were $1,075,538 in fiscal 2022, as compared to $387,412 in the prior year.
General and administrative expenses were $267,319 in fiscal 2022 compared with $312,474 in fiscal 2021