earnings
confidence high
sentiment negative
materiality 0.70
PURE Bioscience Q2 sales drop 52% to $415K, net loss $702K
PURE BIOSCIENCE, INC.
- Net product sales for Q2 ended Jan 31, 2022 fell 52% to $415K from $868K YoY.
- Net loss for Q2 was $702K vs $595K YoY; excluding share-based comp, net loss $522K vs $354K.
- Six-month net product sales decreased 60% to $912K from $2.285M; net loss $1.498M vs $775K.
- Taylor Farms developing commercial line for SmartWash Boost on leafy greens; LightHouse started production in March 2022.
- CEO states SmartWash Boost program set to initiate in Spring 2022; optimistic for revenue increase in upcoming quarters.