RYU Apparel Inc V.RYU.H

RYU Apparel Reports Third Quarter 2019 Results Highlighting

[WHOAstocks]

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

[had2chimeIN]

Yikes

[Highdough]

No one asked for your one word remarks, why you here still?  Anyways....not a bad quarter, still going up in revenues, looks like they finally got expenses coming down and hopefully the new ambassador and maybe a melrose place building in the future can get this moving on up.....

[Riddler76]

Expenses are getting under control. Next quarter we will have a great sample size of Elisabeth Rohm's efforts as well as the Zappos.com boost to e-commerce. 

[had2chimeIN]

yes the expense roll back was nice to see. Hopefully Leone doesn't give himself a fat bonus again this year and REALLY shows he's trying.

[WHOAstocks]

i think RYU understands how important success is at this time. Stock is down a lot but the brand is solid and has potential to grow. “The Company has taken significant steps in 2019 to reduce overall expense overheads and cash requirements that will be further apparent in the fourth quarter of 2019 and for all of 2020. We are committed to finishing 2019 with great strength and are looking forward

[had2chimeIN]

oh princess relax. I didn't ask for yours either. I've explained my positions several time. Don't like it then just ignore me. Revenues increased much less than what their expansion cost. It's dollars and cents my man. YIIIIIIIIIIIKES!

[mba123ccu]

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.