Dogness (International) Corporation Announces Unaudited Financial Results for the First Six Months of Fiscal Year 2019
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, June 18, 2019 (GLOBE NEWSWIRE) -- Dogness (International) Corporation (“Dogness” or the “Company”) (NASDAQ: DOGZ), a developer and manufacturer of pet products in China, including smart products, hygiene products, health and wellness products, and leash products, today announced its unaudited financial results for the first six months of fiscal year 2019 ended December 31, 2018. First Half of Fiscal Year 2019 Financial Highlights (compared to prior year period unless stated otherwise) Total sales decreased by 13.5% to $12.8 million from $14.8 million.Gross profit decreased by 23.0% to $4.6 million from $6.0 million. Gross margin decreased to 36.1% from 40.5%.Income from operations decreased by 97.0% to $0.1 million from $3.7 million. Operating margin decreased to 0.9% from 25.1%.Net income decreased by 75% to $0.7 million from $2.9 million. Fully diluted net income per share decreased to $0.03 from $0.18. Mr. Aaron (Silong) Chen, Cha
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