Farmmi, Inc. Reports Financial Results for the Fiscal Year 2019
Farmmi, INC. - Ordinary Shares (FAMI)
US:NASDAQ Investor Relations:
prnewswire.com/news-releases/farmmi-inc-announces-pricing-of-initial-public-offering-300600088.html
Company Research
Source: PR Newswire
Financial Highlights (Twelve Months ended 9/30/19 compared to 9/30/18):3.4% Increase in Revenue to $30.8 Million 7.0% Increase in Gross Profit to $5.4 Million 59 Basis Point Improvement in Gross Margin to 17.58% LISHUI, China, Dec. 31, 2019 /PRNewswire/ -- Farmmi, Inc. (the "Company") (Nasdaq: FAMI), an agriculture products supplier in China, today announced its financial results for the fiscal year ended September 30, 2019.Ms. Yefang Zhang, Farmmi's Chairwoman and CEO, stated, "Fiscal year 2019 was a very successful year for Farmmi as we continued to execute on our long-term growth plan, further establish our brand and build the foundation for our future success. Overall revenues would have been higher absent the impact of the depreciation of the RMB against the U.S. dollar. We are very encouraged with the ongoing expansion of our online sales platform, which accounted for over 20% of total sales in the fiscal year 2019, representing an increase of more than 83% over the fiscal ye
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Sec Filings
- 2/5/24 - Form 6-K
- 1/29/24 - Form 20-F
- FAMI's page on the SEC website