First Foods Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 18, 2023 at 04:29 pm EDT
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First Foods Group, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 0.000113 million compared to USD 0.000029 million a year ago. Revenue was USD 0.000952 million compared to USD 0.063906 million a year ago. Net loss was USD 0.170055 million compared to USD 0.235997 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago.
For the six months, sales was USD 0.000539 million compared to USD 0.000377 million a year ago. Revenue was USD 0.00485 million compared to USD 0.078711 million a year ago. Net loss was USD 0.428815 million compared to USD 0.71595 million a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.03 a year ago.
First Foods Group, Inc. is focused on developing its specialty chocolate product line through its Holy Cacao subsidiary, participating in merchant cash advances (MCAs) through its Foods Funding Division. Holy Cacao is engaged in producing, packaging, distributing and selling specialty chocolate products, including specialty chocolate products infused with a hemp-based ingredient. Holy Cacao holds four trademarks for the brands, The Edibles Cult, Purely Irresistible, Mystere and Southeast Edibles. The Company has developed approximately 23 recipes for its specialty chocolate product line. It markets its specialty chocolate product line on a full-time basis through multiple distribution and sales agreements, as well as through multiple industry-specific trade shows, through its on-line Website presence, and through its ongoing collaboration with a diverse team of industry consultants who specialize in media relations, public relations, and investor relations.
FIRST FOODS GROUP, INC. 
