earnings
confidence high
sentiment negative
materiality 0.75
PURE Bioscience Q1 revenue plunges 65% to $497k; net loss widens to $796k
PURE BIOSCIENCE, INC.
- Net product sales $497k, down 65% YoY; net loss $796k vs $180k; EPS $(0.01) vs $(0.00).
- Gross margin improved to 65% from 55% due to higher-margin product mix.
- Hired marketing firm; interviewing for Director of Sales; negotiating Canadian distributor contract.
- In-facility validation with second largest US produce processor; evaluating at 16-plant food processor chain.