SHARPE
Reported results
- Second quarter net revenues were $4.1 million compared to $4.6 million in the prior year second quarter
- Second quarter net loss was $1.6 million compared to $1.3 million in the prior year second quarter
- Second quarter loss per share was $(0.19) on a fully diluted basis compared to $(0.15) in the prior year
- Year-to-date net revenues were $8.8 million compared to $11.7 million in the prior year
- Year-to-date net loss was $3.0 million compared to $2.4 million in the prior year
- Average active PaperPie Brand Partners totaled 5,100 in the second quarter compared to 5,800 in the prior year
Notes
Company implemented a cost reduction plan expected to reduce general and administrative expenses by over $1.2 million during the fiscal year. A $100,000 one-time write-down on ‘assets held for sale’ was recorded in the first quarter of fiscal 2027. CEO stated potential deferred tax asset of approximately $0.28 per share as of August 31, 2026, contingent on return to profitability.
Price and volatility reaction
Source
The figures above come from the earnings release the company filed with the SEC on 2026-10-14 (8-K, Item 2.02). Read the original filing on sec.gov.