Tofutti Q2 net income falls to $28K from $140K; sales down 6.7% to $3.027M

TOFUTTI BRANDS INC

2021-Q2 EPS reported $0.02 revenue$6,177,000

Net income of $28K ($0.01 EPS) vs $140K ($0.03 EPS) in Q2 2020; H1 net income $108K vs $190K.
Gross profit margin dropped to 25% from 31% due to product mix, ingredient cost increases, higher freight.
CEO Steven Kass salary raised from $125K to $200K; Joseph Himy replaced by Franklyn Snitow on Audit Committee.
2014 Equity Incentive Plan amended to remove annual award limits and Qualified Performance Grants references.
Cash increased to $2.069M from $1.459M at year-end; working capital $4.728M.

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