Simply, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended October 30, 2021
December 14, 2021 at 02:51 pm EST
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Simply, Inc. reported earnings results for the third quarter and nine months ended October 30, 2021. For the third quarter, the company reported sales was USD 19.3 million compared to USD 16.92 million a year ago. Net loss was USD 0.891 million compared to USD 1.45 million a year ago. Basic loss per share from continuing operations was USD 0.07 compared to USD 0.14 a year ago. Diluted loss per share from continuing operations was USD 0.07 compared to USD 0.14 a year ago. Basic loss per share was USD 0.07 compared to USD 0.13 a year ago. Diluted loss per share was USD 0.07 compared to USD 0.13 a year ago.
For the nine months, sales was USD 56.63 million compared to USD 48.52 million a year ago. Net loss was USD 4.65 million compared to net income of USD 6.91 million a year ago. Basic loss per share from continuing operations was USD 0.39 compared to basic earnings per share from continuing operations of USD 0.75 a year ago. Diluted loss per share from continuing operations was USD 0.39 compared to diluted earnings per share from continuing operations of USD 0.72 a year ago. Basic loss per share was USD 0.39 compared to basic earnings per share of USD 0.73 a year ago. Diluted loss per share was USD 0.39 compared to diluted earnings per share of USD 0.7 a year ago.
Simply, Inc. has filed a voluntary petition for relief under the provisions of Chapter 7 of Title 11 of the United States Code. The Company's wholly owned subsidiary Simply Mac, Inc. has separately commenced bankruptcy proceedings by filing a voluntary petition for relief under the provisions of Chapter 7 of the Bankruptcy Code. The assets of the Company shall be liquidated in accordance with the Bankruptcy Code. The Company has no business operations.