Maison Solutions files audited FY2023 financials of Lee Lee acquisition showing $3M net income on $75.7M revenue

Maison Solutions Inc.

Lee Lee revenue $75.7M in 2023 vs $76.7M in 2022; net income $3.0M vs net loss $1.2M.
Gross profit improved to $17.2M from $12.8M driven by lower cost of goods sold.
Operating cash flow $2.3M positive in 2023 vs negative $0.3M in 2022.
Lee Lee operated three Arizona supermarkets as of Dec 2023; total equity $8.1M.
Lee Lee revoked S-corp election and converted to LLC on April 8, 2024, effective with acquisition.

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