OriginalSourceFinancialpostLeanUnratedCredibilityUnratedPublished00:05 UTCSourceFinancialpostLeanUnratedCredibilityUnratedPublished00:05 UTC
“NEXE Innovations Reports Q1 Fiscal 2027 Results and Business Update”
NEXE reports Q1 2027 revenue of $133,119 and a reduced net loss.
Key points
- Revenue rose 10.5% to $133,119 in Q1 2027 from $120,484.
- Net loss improved 33.7% to $(946,396) as operating expenses fell.
- New customers onboarded: Just Us! Coffee Roasters and a U.S. coffee chain.
- Gross loss of $(47,552) due to onboarding costs and higher COGS.
- Management expects annual pod volumes to exceed the upper end of 10-15 million.
How it got here
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