Just Kitchen Holdings Corp V.JK

JustKitchen reports great financial results for Q2

[maysilverstone]

Yesterday $JK reported record financial results for the Q2 of the fiscal year ending March 31, 2021.
 

Highlights:
 

- Food/beverage sales of $2,224,281 for the 3 month period ended March 31, 2021 compared to $127,716 for the 3 month period ended March 31, 2020
 

- For the 6 month period ended March 31, 2021, sales reached $4,135,451 compared to the 126 day period from Nov 27, 2019 to March 31, 2020 in which sales reached $233,137
 

- Sales volume grew to 128,400 customer food orders in Q2 from 117,800 customer food orders in Q1 of 2021
 

- The average dollar amount per order increased by 9% to $15.38 from $14.16 over the two most recent quarterly periods
 

- Delivered about 142k total customer food orders for the months of April and May (exceeding the previous quarter's three-month total of 128,400 orders)
 

$JK up 7.6% today to $1.55 with a mc of only $91.7M. Currently operating in Taiwan and Hong Kong, I'll be adding this one to my watchlist as they expand their operations to the US, Philippines and Singapore.
 

https://www.newswire.ca/news-releases/justkitchen-reports-record-financial-results-for-second-quarter-2021-870921351.html

[VentureGecko]

You left out the part about the $2.5M loss, this is not a company that's going to make money. Forget about if being worth $90M IMHO.

[younginvestor27]

Seems kinda insignificant compared to the growth being experienced and the market they are trying to capture, mc, ect.