Cool Holdings Reports First Quarter Results
MIAMI, July 31, 2020 /PRNewswire/ -- Cool Holdings, Inc. (OTCQB: AWSM), (the "Company" or "Cool Holdings"), the parent company of Simply Mac, Inc., the largest Apple Premier Partner in the U.S. ("Simply Mac"), today announced results for its first fiscal quarter ended May 2, 2020.
- MIAMI, July 31, 2020 /PRNewswire/ -- Cool Holdings, Inc. (OTCQB: AWSM), (the "Company" or "Cool Holdings"), the parent company of Simply Mac, Inc., the largest Apple Premier Partner in the U.S. ("Simply Mac"), today announced results for its first fiscal quarter ended May 2, 2020.
- Reinier Voigt, President and Chief Executive Officer of Cool Holdings, stated, "Our first fiscal quarter was unprecedented in many ways, and included both highs and lows.
- Gross profit for the first quarter of fiscal 2021 amounted to $4.5 million, an increase of $4.1 million, or 1,145%, from $361,000 in the quarter ended March 31, 2019.
- The Company's gross profit margin for the current quarter was 32.2%, substantially higher than 14.3% in the prior year quarter.