(Updated - November 7, 2018 5:45 PM EST)

Papa Murphy's (NASDAQ: FRSH) reported Q3 EPS of $0.07, versus $0.08 reported last year. Revenue for the quarter came in at $28.8 million, versus $33.7 million reported last year.

Financial and Strategic Review

In conjunction with conducting a comprehensive review of its business strategy, Papa Murphy’s announced that it is conducting a process to explore and evaluate strategic alternatives to maximize shareholder value and position the Company for long-term success. The Company has engaged North Point Advisors to act as its financial advisor to assist with the review. Papa Murphy’s remains open to all strategic options that would enhance shareholder value for the long-term.

Financial and strategic alternatives may include, but are not limited to, a possible sale of the business. There is no specific timetable for identifying potential transactions or transaction candidates and there is no assurance that any transaction will be completed. The Company does not intend to make any further comment regarding such process unless its Board of Directors has approved a specific course of action.

For earnings history and earnings-related data on Papa Murphy's (FRSH) click here.