bullish

Organto Foods

OGO: Light Q2 Revenue but Profitability Largely Improving

223 Views30 Aug 2023 23:00
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SUMMARY
  • Organto reported Q2 financial results that missed our estimates on revenue but beat our estimates on gross margin and adjusted EBITDA.
  • Yesterday evening, Organto Foods (OGO:TSXV) reported Q2/23 financial results that were softer than our expectations on revenue but beat our estimates on profitability metrics.
  • Gross margin for the quarter came in at 9.0% compared to our estimate of 8.0% and 4.1% in Q2 last year.
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