$RVIV Revive Procare Company Reports Third Quarter
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Posted On: 05/08/2019 8:58:15 AM
$RVIV Revive Procare Company Reports Third Quarter 2019 Financial Results
April 10, 2019 19:03 ET | Source: REVIV3 PROCARE COMPANY
Third Quarter Highlights
Revenues increased by 28% compared to the same comparable period in 2018.
Gross profit as a percentage of revenues increased to 43% compared to 38% for the same period in 2018.
Operating Expenses for the 3 months decreased by 36% to the same comparable period in 2018.
Los Angeles, Calif., April 10, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Reviv3 Procare Company (OTCQB: RVIV) today reported third quarter 2019 financial results. Jeff Toghraie, Chairman and CEO of REVIV3, said, “We have made meaningful progress towards achieving profitability as we implement efficiencies in our operations while increasing revenues. In the quarter, we reported a 96% decrease in net loss compared to same period last year. Our operating expenses as a percentage of revenues for the three months ended February 28, 2019 was 45% compared to 89% for the same period last year as we continue to implement our cost management measures. We believe these achievements as well as other on-going initiatives create a foundation for our future growth. We will continue to focus on creating value for our shareholders by enhancing our existing processes and exploring strategic alternatives to achieve profitability and increase topline growth.”
April 10, 2019 19:03 ET | Source: REVIV3 PROCARE COMPANY
Third Quarter Highlights
Revenues increased by 28% compared to the same comparable period in 2018.
Gross profit as a percentage of revenues increased to 43% compared to 38% for the same period in 2018.
Operating Expenses for the 3 months decreased by 36% to the same comparable period in 2018.
Los Angeles, Calif., April 10, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Reviv3 Procare Company (OTCQB: RVIV) today reported third quarter 2019 financial results. Jeff Toghraie, Chairman and CEO of REVIV3, said, “We have made meaningful progress towards achieving profitability as we implement efficiencies in our operations while increasing revenues. In the quarter, we reported a 96% decrease in net loss compared to same period last year. Our operating expenses as a percentage of revenues for the three months ended February 28, 2019 was 45% compared to 89% for the same period last year as we continue to implement our cost management measures. We believe these achievements as well as other on-going initiatives create a foundation for our future growth. We will continue to focus on creating value for our shareholders by enhancing our existing processes and exploring strategic alternatives to achieve profitability and increase topline growth.”
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