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Just Kitchen Holdings Corp V.JK

Just Kitchen Holdings Corp. (JustKitchen) is a cloud kitchen meal preparation company with operations in Taiwan, Hong Kong, Singapore, Philippines, Malaysia, and Thailand. The Company specializes in the development and marketing of proprietary and franchised delivery only food brands for customers and businesses. JustKitchen combines this hub-and-spoke operating model with online and mobile application-based food ordering fulfilled by third-party delivery companies, to minimize capital investments and operating expenses and reach more customers in underserved markets. The Company’s other business, JustMarket, is an ecommerce grocery delivery platform that allows customers to purchase groceries for delivery or add select grocery items to meals ordered through JustKitchen. The Company has developed its own signature menu items under various brands, including Hot Ones, Just Chicken, Boba Mania, go Leane and Bodyfit. The Company's subsidiary is JustKitchen Co. Ltd.


TSXV:JK - Post by User

Post by StockHawk1on Mar 14, 2022 6:05pm
152 Views
Post# 34513292

$JK Q1 2022 financials

$JK Q1 2022 financials

I've been following Just Kitchen Holdings Corp. ($JK.v $JKHCF) for a while now and I was very happy a couple of weeks ago when it released its Q1 2022 financial resulrts.  


If you haven't heard of $JK before it is a ghost kitchen company that currently operates in  Taiwan and Hong Kong with plans to expand to other Asian countries.


Some of their Q122 financial highlights included: 

- Food and beverage sales of $4.16M (an increase of 118% from Q4 2021)

- Sales volume grew by 126% to 265k retail customer food orders compared to the same quarter last year

- The number of ghost kitchens over doubled from the same quarter last year going from 10 kitchens to 21


Definitely worth the read if you're invested or just interested in $JK: https://ca.finance.yahoo.com/news/justkitchen-reports-financial-results-first-080000559.html

 
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