{"id":399373,"date":"2020-12-14T16:08:25","date_gmt":"2020-12-14T21:08:25","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=399373"},"modified":"2020-12-14T16:08:25","modified_gmt":"2020-12-14T21:08:25","slug":"mamamancinis-reports-record-third-quarter-2021-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/mamamancinis-reports-record-third-quarter-2021-financial-results\/","title":{"rendered":"MamaMancini\u2019s Reports Record Third Quarter 2021 Financial Results"},"content":{"rendered":"
\n

\n Third Quarter Net Income Grew 80% Year-Over-Year to $0.7 Million; Debt Reduced by 84% Year-to-Date<\/em>
\n \n <\/p>\n

\n EAST RUTHERFORD, NJ, Dec. 14, 2020 (GLOBE NEWSWIRE) — <\/strong>
\n
\n MamaMancini’s Holdings, Inc.<\/u>
\n <\/a> (OTCQB: MMMB), a marketer of specialty pre-prepared, frozen and refrigerated food products, has reported its financial results for the third quarter ended October 31, 2020.<\/p>\n

\n Fiscal 2021 Financial Summary:<\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n \u00a0<\/strong>\n <\/td>\n\n Three Months Ended October 31,<\/strong>\n <\/td>\n\n \u00a0<\/strong>\n <\/td>\n\n \u00a0<\/strong>\n <\/td>\n\n Year-over-Year % Change<\/strong>\n <\/td>\n\n \u00a0<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0<\/strong>\n <\/td>\n\n 2020<\/strong>\n <\/td>\n\n \u00a0<\/strong>\n <\/td>\n\n \u00a0<\/strong>\n <\/td>\n\n 2019<\/strong>\n <\/td>\n\n \u00a0<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Revenues<\/td>\n\u00a0<\/td>\n$<\/td>\n9.9 million<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n9.3 million<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6.8<\/td>\n%<\/td>\n<\/tr>\n
Gross Profit<\/td>\n\u00a0<\/td>\n$<\/td>\n3.1 million<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2.9 million<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7.9<\/td>\n%<\/td>\n<\/tr>\n
Operating Expenses<\/td>\n\u00a0<\/td>\n$<\/td>\n2.3 million<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2.4 million<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n-2.5<\/td>\n%<\/td>\n<\/tr>\n
Net Income<\/td>\n\u00a0<\/td>\n$<\/td>\n0.7 million<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.4 million<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n78<\/td>\n%<\/td>\n<\/tr>\n
Earnings per Share<\/td>\n\u00a0<\/td>\n$<\/td>\n0.02<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.01<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n100<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n \u00a0<\/strong>\n <\/td>\n\n As of
October 31, 2020<\/strong>\n <\/td>\n		\n \u00a0<\/strong>\n <\/td>\n\n \u00a0<\/strong>\n <\/td>\n\n As of
January 31, 2020<\/strong>\n <\/td>\n		\n \u00a0<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash & Equivalents<\/td>\n\u00a0<\/td>\n$<\/td>\n1.8 million<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.4 million<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n356<\/td>\n%<\/td>\n<\/tr>\n
Working Capital<\/td>\n\u00a0<\/td>\n$<\/td>\n3.5 million<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1.4 million<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n148<\/td>\n%<\/td>\n<\/tr>\n
Debt<\/td>\n\u00a0<\/td>\n$\u00a0<\/td>\n0.7 million<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n4.1 million<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n-84<\/td>\n%<\/td>\n<\/tr>\n
Stockholder\u2019s Equity<\/td>\n\u00a0<\/td>\n$<\/td>\n5.6 million<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.4 million<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1300<\/td>\n%<\/td>\n<\/tr>\n<\/table>\n<\/p>\n

\n Third Quarter Fiscal 2021 & Subsequent Highlights:<\/strong>\n <\/p>\n