Jan. 6 at 4:43 PM
$OWPC Q3 results are solid, with volume this will run:
Revenues:
$51,619,000, reflecting a significant increase from the previous period due to manufacturing sales of Eco Bio products.
Gross Profit:
$49,916,000, indicating a strong profit margin of 96% compared to 80% in the previous period.
Operating Loss: $(681,770), showing a reduction in operating expenses due to cost management and focus on U.S. operations.
Net Income:
$4,744,160, driven by a gain from the acquisition of Eco Bio Plastics Midland, Inc., representing a bargain purchase.
Net Income Per Share:
$0.040, reflecting improved profitability and financial performance compared to the previous period.
