EVIO Financial Results: Nine Months ending June

EVIO

Financial Results: Nine Months ending June 30, 2018 Financial Summary, Tough quarter. Upcoming quarters should project higher revs. Trading down @ 0.72 as of 10:10 am. Best of luck everyone.

-- Nine months revenue was $2,313,514 in 2018 versus $2,278,397, an increase of 1.5%.

-- Gross profit for the nine months ending June 30 was ($50,588) in 2018 versus $420,054 in 2018, a decrease of 112.0%.

-- Operating expenses for the nine months ending June 30 were $5,289,778 in 2018 versus $1,592,800 in 2017, an increase of 232.1%.

-- Net loss for the six months ending March 31 was ($6,136,280) in 2018 compared to ($1,856,315) in 2017, an increase of 230.6%.

Fiscal Third Quarter ending June 30, 2018 Financial Summary

-- Third quarter revenue was $634,338 in 2018 versus $777,218 in 2017, a decrease of 18.4%.

-- Third quarter gross margin was $(195,113) in 2018 in 2018 versus 122,954 in 2017, a decrease of 258.7%.

-- Third quarter operating expenses were $2,115,253 in 2018 versus $622,526 in 2017, an increase of 239.8%.

-- Third quarter net loss was ($3,457,093) in 2018 versus ($570,454) in 2017, an increase of 506.0%.

-- Cash as June 30, 2018 has increased to $1,254,443 compared to $121,013 at December 31, 2017.

The complete quarterly filing can be found on our website: EVIO SEC Filings