PURE Bioscience reports FY2021 net loss of $2.3M; product sales drop 47% YoY

PURE BIOSCIENCE, INC.

Net product sales $3.698M, down 47% from $6.917M in FY2020.
Net loss of $2.3M vs net income of $4K in prior year; diluted loss per share $(0.03).
Gross margin fell to 50% from 58% due to product mix shift.
Cash used in operations $1.2M vs cash provided $669K in prior year.
Business updates: ongoing work with Taylor Farms, new adoption by citrus packer and indoor farming firm, new sales hire.

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