Bullboard - Stock Discussion Forum 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... see more

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TSXV:JK - Post Discussion

Just Kitchen Holdings Corp > Q3 Financials

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Post by SkywalkerofLuke on Sep 16, 2022 2:38pm

Q3 Financials

Nice to see JK.v JKHCF green today. Been pretty surprised by the sp over the past month considering their Q3 financials which saw some big improvements.

Their total rev. grew by 55% to approx. $5.1M which makes sense because they increased their # of ghost kitchens from 17 to 28 and saw a 44% jump in retail order volume.

Will be interesting to see how JK ‘s previously announced technology-driven initiative to optimize operations will aid in them continuing to expand their reach and cut down on costs. What do you guys think could be holding the sp back?

https://www.newswire.ca/news-releases/justkitchen-reports-financial-results-for-third-quarter-ended-june-30-2022-827702075.html

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Comment by GoodMonkey on Sep 20, 2022 9:36am

You asked? What do you guys think could be holding the sp back? CEO Jason is still not buying shares at these levels. JK will run out of cash soon. They will create massive dilution by issuing shares for pennies in order to survive. High risk of bankruptcy.

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