Kaspien Holdings Reports Mixed Q2 Results, Revenue Misses Consensus

by Shivani Kumaresan, Benzinga Staff Writer

September 15, 2021 7:32 AM | 1 min read | Make a Comment

Kaspien Holdings Inc KSPN reported a second-quarter FY21 net revenue decline of 17.5% year-on-year, to $34.89 million, missing the analyst consensus of $39.33 million.
Gross merchandise value (GMV) increased 50 basis points to $59.0 million, and the subscription GMV increased 33% to $24.9 million.
Gross profit decreased 17% Y/Y to $8.8 million, and the margin was flat at 25.3%.
The company's operating loss widened to $(1.4) million.
EPS of $0.03 beat the analyst consensus of $(0.47).
Kaspien held $2.6 million in cash and equivalents as of July 31, 2021.
Price Action: KSPN shares closed higher by 2.64% at $20.25 on Tuesday.

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.