Just Kitchen Holding Corp (OTCMKTS:JKHCF) (TSXV:JK) Stock Gains Momentum: What’s The Buzz?

Just Kitchen Holding Corp (OTCMKTS:JKHCF) (TSXV:JK) is up 22% in a week. The company has filed its annual results from the year ended September 30, 2021. For the quarter ended September 30, 2021, the company reported food and beverage sales of $4.445 million compared to $1.121 million a year ago.

Market Stats

On Wednesday, JKHCF stock ended flat at $0.7628 with 6.9K shares, compared to its average volume of 7.2K shares. The stock has moved within a range of $0.7628 – 0.7628 after opening trading at $0.7628.

JustKitchen Reports Annual 2021 Financial Results

In addition, the company reported sales of $11.93 million for the fiscal year ending September 30, 2021, relative to $1.834 million for the 309 days from November 27, 2019, through September 30, 2020.

Sales volume increased by 26% to 269,721 consumer food orders in Q4 2021, up from 214,744 customer food deliveries in Q3 2021. During the fourth quarter, ghost kitchens increased to 20, at a median retail delivery of $15.67 per order, up from 17 in Q3 2021, when average retail delivery was $14.77 per order. For the quarter and full-year ended September 30, 2021, respectively, the company had net losses of $3.44 million and $11.238 million. So in the coming weeks, investors should watch JKHCF.

Key Quote

“The JustKitchen management team is pleased with the Company’s 2021 financial results as the key metrics of revenue, retail customer food order volume, ghost kitchens and retail delivery size per order all increased substantially. Our 33% increase in revenue from the third to the fourth quarter was nicely accompanied by a 26% increase in retail customer food orders and a 6% increase in average retail order delivery size,” said Jason Chen, Co-Founder and Chief Executive Officer of JustKitchen.