Dogness (International) Corporation Announces Second Half and Full Fiscal Year 2019 Financial Results
Dogness (International) Corporation - Class A (DOGZ)
US:NASDAQ Investor Relations:
ir.dognesspet.com/phoenix.zhtml?c=254679&p=irol-faq
Company Research
Source: GlobeNewswire
DONGGUAN, China, Oct. 31, 2019 (GLOBE NEWSWIRE) -- Dogness (International) Corporation (NASDAQ: DOGZ) (“Dogness” or the “Company”), a leading developer and manufacturer of pet products, including leashes, accessories, and collars and harnesses that incorporate smart technology in China, today announced its unaudited second half and audited full fiscal year 2019 financial results ended June 30, 2019. Unaudited Fiscal Year 2019 Second Half Financial Highlights (compared to prior year period) Revenues decreased 12.6% to approximately $13.4 million from approximately $15.3 million. Sales of intelligent pet products increased to $1.5 million from $0.1 million.Gross profit decreased 21.6% to approximately $4.8 million from approximately $6.1 million. Gross margin decreased to 35.9% from 40.0%.Income from operations decreased 76.2% to approximately $0.5 million from approximately $2.2 million. Operating margin decreased to 3.9% from 14.6%.Net income decreased 59.4% to approximately $
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