RYU Apparel Inc V.RYU.H

Alternate Symbol(s): RYPPF

Consumer Cyclical Luxury Goods

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

RYU Apparel Inc > Financial Disaster

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Post by shnepson May 03, 2022 8:50am

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Post# 34650464

Financial Disaster

That pretty much says it all.
Liabilities are more then 3X the total assets.
Revenue did increase slightly but gross profits went negative (that is not a business). Selling products for less then they cost. Disaster.
Comprehensive losses increase over 7X.
$10M+ in losses for the year.
Stick a fork in it, it's done.

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