Verus International, Inc. Reports Earnings Results for the Third Quarter Ended July 31, 2021
September 20, 2021 at 05:29 pm EDT
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Verus International, Inc. announced earnings results for the third quarter ended July 31, 2021. For the third quarter, the company announced sales was USD 1.848 million compared to USD 5.915 million a year ago. Operating loss was USD 245,273 compared to operating Income of USD 30,101 a year ago. Net loss was USD 303,487 compared to USD 1.329 million a year ago. Basic loss per share was USD 0.02 compared to USD 0.25 a year ago. Basic loss per share from continuing operations was USD 0.02 compared to USD 0.2 a year ago. For the nine months, sales was USD 8.612 million compared to USD 16.712 million a year ago. Operating loss was USD 484,462 compared to USD 8.044 million a year ago. Net loss was USD 1.457 million compared to USD 11.146 million a year ago. Basic loss per share was USD 0.12 compared to USD 2.3 a year ago. Basic loss per share from continuing operations was USD 0.12 compared to USD 2.13 a year ago.
Verus International, Inc. is a multi-line consumer packaged goods (CPG) company developing branded product lines in the United States and on a global basis. The Company is focused on international consumer packaged goods, foodstuff distribution and wholesale trade. The Company markets its consumer food products under its own brand primarily to supermarkets, hotels, and other members of the wholesale trade. The Company provides frozen foods, particularly meat, poultry, seafood, vegetables, and French fries with beverages. It also provides cold-storage facilities and is seeking sources for fresh fruit, produce and similar perishables, as well as other consumer packaged foodstuffs. The Company has its regional presence in the Middle East and North Africa (MENA) and sub-Saharan Africa, with deep roots in the Gulf Cooperation Council (GCC) countries, which includes the United Arab Emirates (UAE), Oman, Bahrain, Qatar, Kingdom of Saudi Arabia and Kuwait.
VERUS INTERNATIONAL, INC. 
