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RYU Apparel Inc V.RYU.H

Alternate Symbol(s):  RYPPF

RYU Apparel Inc. is a Canada-based urban athletic apparel brand, which is engaged in the development, marketing and distribution of apparel, bags and accessories. The Company’s products are engineered for the fitness, training and performance of the multi-discipline athlete. The Company’s products are designed, developed and tested at its corporate headquarters in Vancouver, British Columbia, Canada. The Company’s products are produced in factories located in North America and Asia and it sells its products through retail, e-commerce and wholesale channels. The Company offers its products for both men and women and also sells its products through Websites, ryu.ca and ryu.com.


TSXV:RYU.H - Post by User

Post by WHOAstockson Nov 29, 2019 3:23pm
235 Views
Post# 30406777

RYU Apparel Reports Third Quarter 2019 Results Highlighting

RYU Apparel Reports Third Quarter 2019 Results Highlighting
RYU Apparel Reports Third Quarter 2019 Results Highlighting Revenue and
Gross Profit Increases
 
Vancouver, BC – November 29, 2019 – RYU Apparel Inc. (TSXV: RYU) (“RYU” or the “Company”), creators of urban athletic apparel, is pleased to report its financial results for the three and nine months ended September 30, 2019. Financial Highlights for the third quarter ended September 30, 2019 The following are the major financial highlights of RYU’s operating results for the three months ended September 30, 2019, compared to the three months ended September 30, 2018: • Revenue of $1,473,136 as compared to $1,223,524, an increase of 20%. • Gross profit of $734,242 as compared to $710,545, an increase of 3%. • Operating expenses of $4,539,997 as compared to $4,877,002, a decrease of 7%. • Net loss of $3,805,755 as compared to $4,166,457, a decrease of 9%

https://investor.ryu.com/wp-content/uploads/Q3-2019-Financial-Results-PR.pdf
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