Pervasip Announces Financial Results for Fiscal Year 2023
PERVASIP CORP NEW (PVSP)
NASDAQ:AMEX Investor Relations:
investorshub.advfn.com/pervasip-corp-pvsp-13525
Company Research
Source: GlobeNewswire
SEATTLE, WA, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Pervasip Corp. (OTCPK: PVSP) (“Pervasip” or the “Company”), a developer of companies and technologies in high value emerging markets, today announced the filing of its unaudited financial statements for its fiscal years ended November 30, 2023. Key Highlights Gross Profit for the year ending November 30, 2023 totaled $4,890,763 on $15.8 million in revenues, compared to gross profits of $2,724,601 during the same period in 2022.Gross Margins improved from 17% to 31%, a 182% increase. The improved gross margin reflects increases in production yields and gains in production efficiencies.Revenues of $15.8 million equal 2022 revenues, achieved in a market that continues to battle over supply and price compression.Operating Loss for the year ending November 30, 2023 totaled ($460,037), compared to an operating loss of $2,422,916 during the same period in 2022.Cashflow for the year ending November 30, 2023 totaled $409,507, compared
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