DAVIDsTEA Inc. (DTEA) Reports Q1 Loss of $0.05

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DAVIDsTEA Reports First Quarter Fiscal 2021 Financial Results

June 15, 2021 4:10 PM EDT

Revenues of $23.2 million, with continued increase in online and wholesale channels of $2.9 million and 17.2% to $19.9 million for the quarterAdjusted EBITDA of $2.5 millionCash of $31.3 million as at May 1, 2021Plan of Arrangement approved by creditors on June 11, 2021 and under which DAVIDsTEA will distribute approximately $18.0 million in settlement of all claims

MONTREAL, June 15, 2021 (GLOBE NEWSWIRE) -- DAVIDsTEA Inc. (Nasdaq:... More