earnings
confidence high
sentiment negative
materiality 0.55
PURE Bioscience Q3 net product sales down 18% YoY to $406K; net loss widens to $876K
PURE BIOSCIENCE, INC.
2024-Q3 EPS reported
-$0.03
revenue$1,269,000
- Net product sales $406K in Q3 FY2023 vs $497K prior year, down 18% on decreased distribution sales.
- Q3 net loss $876K vs $760K prior year; net loss per share flat at ($0.01).
- Nine-month net product sales $1.27M vs $1.41M; net loss $2.93M vs $2.26M prior year.
- CEO cites key distributor downturn; food division sales partially offset; new sales program initiated.