Reborn Coffee Reports Third Quarter 2023 Financial Results
BREA, Calif., Nov. 14, 2023 (GLOBE NEWSWIRE) -- Reborn Coffee, Inc. (NASDAQ: REBN) (“Reborn”, or the “Company”), a California-based retailer of specialty coffee, has reported its financial and operational results for the third quarter ended September 30, 2023.
- BREA, Calif., Nov. 14, 2023 (GLOBE NEWSWIRE) -- Reborn Coffee, Inc. (NASDAQ: REBN) (“Reborn”, or the “Company”), a California-based retailer of specialty coffee, has reported its financial and operational results for the third quarter ended September 30, 2023.
- Company-operated store sales increased $0.7 million, or 80% in the quarter ended September 30, 2023, compared to the same period in 2022.
- Company-operated store gross profit was $1.0 million for the quarter ended September 30, 2023, compared to $0.6 million for the same period in 2022.
- Net loss for the third quarter of 2023 was $0.7 million, compared to a net loss of $0.9 million for the third quarter of 2022.