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Freshii fiscal Q3 profit climbs 35.0% YOY

Freshii said its normalized net income for the fiscal third quarter ended Sept. 25 amounted to 2 cents per share, an increase of 35.0% from 2 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $564,960, a gain of 35.0% from $418,600 in the prior-year period.

The normalized profit margin fell to 13.4% from 15.4% in the year-earlier period.

Total revenue rose 54.1% year over year to $4.2 million from $2.7 million, and total operating expenses increased 50.1% on an annual basis to $3.0 million from $2.0 million.

Reported net income totaled $522,920, or 2 cents per share, compared to a loss of $4.2 million, or a loss of 16 cents per share, in the prior-year period.