Kaspien Holdings Inc. Reports Fiscal First Quarter 2021 Results
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Kaspien (KSPN) Misses Q1 EPS by 2c, Revenues Beat
June 10, 2021 4:09 PM EDTKaspien (NASDAQ: KSPN) reported Q1 EPS of ($0.61), $0.02 worse than the analyst estimate of ($0.59). Revenue for the quarter came in at $40.62 million versus the consensus estimate of $35.38 million.
Recent Operational Highlights
Raised approximately $13.5 million, prior to deducting underwriting discounts and commissions and estimated offering expenses, in an underwritten offering of 416,600 shares of common stock of the Company at a price to the public of $32.50 per share. The Company intends to use the proceeds from the offering for general corporate purposes, including working capital to implement its strategic plans focused on brand acquisition,... More