Audacious Reports Fiscal Q2 2022 Financial Results | | kilgorenewsherald.com – Kilgore News Herald

Q2 Revenue Increased 2,068% Year-over-Year to $2.3 Million

Pro Forma 2,702% YoY Growth (vs Reported)

Solidifies Entry into New Markets, including California and Massachusetts

Working towards Operationalizing Missouri Asset

Expands Brand Portfolio – Continued Growth Initiatives in Nevada

ALPS Continues to Expand with Cannabis and Non-Cannabis Contracts  Strengthens Leadership in Environment, Sustainability and Governance Driven Horticulture Projects

Earnings Conference Call Tuesday 23 November 2021 at 11am EST

LAS VEGAS, Nov. 22, 2021 /CNW/ – Australis Capital Inc. (CSE: AUSA) (OTC: AUSAF) (“AUSA”, “AUDACIOUS”, or the “Company”), today announced that the Company has filed its financials and management discussion and analysis for its fiscal second quarter of fiscal 2022 (the year ending March 31, 2022), the period ending September 30, 2021. The Company’s results are filled on www.sedar.com.

Terry Booth, CEO of Australis, commented, “In the second quarter of fiscal 2022, the AUDACIOUS team continued to execute. On a pro forma basis, we continue to record stellar growth with revenues increasing 2,700% year-over-year, and further strengthened our gross margins through the successful integration of our ALPS subsidiary. Our financial results are a direct result of the strength of our unique and differentiated business model, which centers on partnering with leading cannabis brands and building our portfolio of integrated cannabis operations to strategically expand our US and global footprint. Our ability to form synergies across cannabis operations under the leadership of an experience C-suite, supported by a team of seasoned cannabis and CPG executives, crop consultants, engineers and genetics experts, continues to drive our success and we are well positioned to explore opportunities that will further our position as a leading multi-state operator. We remain focused on our capital-light business model and following a proven path to success by scaling our operations and streamlining costs while entering new high-growth cannabis markets.”

 Income Statement

3 months

ended

30-Sep-21

3 months

ended

30-Jun-21

Change

(sequential)

3 months

ended

30-Sep-20

$

$

%

$

Revenue

2,271,830

1,728,363

31.4%

104,800

Gross profit (loss)

1,233,766

1,064,539

15.9%

-116,120

Operating expenses

5,637,907

4,479,937

25.8%

2,645,516

Loss from operations

-4,404,141

-3,415,398

28.9%

-2,761,636

Financial Highlights

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