RYU Apparel Inc V.RYU.H

RE:RYU Apparel Reports Third Quarter 2019 Results Highlighting

[mba123ccu]

WHOAstocks wrote:

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

Not impressive but definitely improvements and steps in the right ditection.
Revenue is up, gross profit is up and expenses and net loss are down -- good indicators IMO.