Simply, Inc. Reports Earnings Results for the First Quarter Ended May 1, 2021
June 16, 2021 at 01:37 am IST
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Simply, Inc. announced earnings results for the first quarter ended May 1, 2021. For the first quarter, the company announced sales was USD 18.018 million compared to USD 13.943 million a year ago. Operating loss was USD 2.241 million compared to USD 2.631 million a year ago. Net loss was USD 1.652 million compared to net income of USD 10.338 million a year ago. Basic loss per share was USD 0.14 compared to basic earnings per share of USD 1.57 a year ago. Diluted loss per share was USD 0.14 compared to diluted earnings per share of USD 1.56 a year ago. Basic loss per share from continuing operations was USD 0.14 compared to basic earnings per share from continuing operations of USD 1.61 a year ago. Diluted loss per share from continuing operations was USD 0.14 compared to diluted earnings per share from continuing operations of USD 1.6 a year ago.
Simply, Inc. has filed a voluntary petition for relief under the provisions of Chapter 7 of Title 11 of the United States Code. The Company's wholly owned subsidiary Simply Mac, Inc. has separately commenced bankruptcy proceedings by filing a voluntary petition for relief under the provisions of Chapter 7 of the Bankruptcy Code. The assets of the Company shall be liquidated in accordance with the Bankruptcy Code. The Company has no business operations.
SIMPLY, INC. 