Wed, Jun 5, 7:38 PM (246 days ago)
Legend Spices, Inc. reported financial results for the quarter ended March 31, 2024. The company saw a significant increase in revenue to $1,761, up 42.48% from the previous year, with a gross profit of $478 and a gross margin of 27.14%. However, operating expenses remained high at $5,654, resulting in a net loss of $5,176, an improvement from the $7,509 loss in the same period last year. The company has an accumulated deficit of $83,328 and a working capital deficit of $1,470, raising substantial doubt about its ability to continue as a going concern. Management plans to raise additional capital to address these financial challenges.