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Cosmos Holdings announced its financial results for the third quarter of 2017.
Cosmos Holdings (OTCQB:COSMD) announced its financial results for the third quarter of 2017.
As quoted in the press release:
Highlights:
- Quarter ended September 30, 2017, versus the quarter ended September 30, 2016, revenue improved 575% to $9.5 million from $1.4 million.
- Revenue improved sequentially 56%, from $6.1 million in the 2017 second quarter to $9.5 million in the 2017 third quarter.
- Gross profit increased 434% to $774,813 in the third quarter of 2017 from $144,950 in the third quarter of 2016.
- Nine-month period ended September 30, 2017, versus the nine-month period ended September 30, 2016, revenue improved 464% to $19.7 million from $3.5 million.
- Gross profit increased 415% to $1,618,603 in the nine months ended 2017 from $314,332 in the nine months ended 2016.
- Cosmos expanded its sales network to another four countries; its current network consists of over 110 customers and vendors in 16 different countries.
- Cosmos continues to diversify customer and vendor base, reducing client concentration risk and fueling the company’s future growth.
- Cosmos’s clients include some of the largest European wholesalers.
Click here to read the full press release.
Source: www.marketwired.com
