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Orchid Ventures Announces Financial Results for Period Ended September 30, 2021

VANCOUVER, BC / ACCESSWIRE / November 29, 2021 / ORCHID VENTURES, INC. (CSE:ORCD)(OTC PINK:ORVRF) (the "Company" or "Orchid") announces its first quarter ("Q1 2022") financial results for the period ended September 30, 2021. All amounts expressed …

VANCOUVER, BC / ACCESSWIRE / November 29, 2021 / ORCHID VENTURES, INC. (CSE:ORCD)(OTC PINK:ORVRF) (the "Company" or "Orchid") announces its first quarter ("Q1 2022") financial results for the period ended September 30, 2021. All amounts expressed are in United States dollars.


Three Months Ended Sept 30, 2021 Three Months Ended June 30, 2021
Variance
($)
Variance
(%)
Revenues, net
$ 398,423 $ 294,882 $ 103,541 29.9 %
Cost of sales
$ 298,143 $ 784,934 $ (486,791 ) -163.3 %
Gross profit
$ 100,280 $ (490,052 ) $ 590,332 588.7 %
Net expenses
$ 678,081 $ 1,474,804 $ (796,723 ) -117.5 %
Loss for the period
$ (221,201 ) $ (2,049,436 ) $ 1,828,235 826.5 %

Financial statements are prepared in accordance with International Financial Reporting Standards (IFRS). Detailed information regarding the Company's financial results as well as management's discussion and analysis can be found on its SEDAR profile at https://sedar.com/ and https://ir.orchidessentials.com/.

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Nachrichtenquelle: Accesswire
29.11.2021, 12:30  |  71   |   |   

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Orchid Ventures Announces Financial Results for Period Ended September 30, 2021 VANCOUVER, BC / ACCESSWIRE / November 29, 2021 / ORCHID VENTURES, INC. (CSE:ORCD)(OTC PINK:ORVRF) (the "Company" or "Orchid") announces its first quarter ("Q1 2022") financial results for the period ended September 30, 2021. All amounts expressed …

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