Tootie Pie Company, Inc. reported sales jumped 26 percent to $612,452, for the quarter ending June 30, 2012, versus $486,151 for same period in 2011.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) and other non-cash items, amounted to a loss of $51,427 for the period, versus an EBITDA (and other non-cash items) loss of $140,647 for the same period in 2011; a 63 percent improvement.
"We continue to see solid sales growth and improvement to our bottom line," reported
Don L. Merrill Jr., president and CEO, in a prepared statement. "A small cash flow loss while building inventory during the summer months brings us one big step closer to our goal of profitability."
"So, we bring on all these Cafes; jump revenues every quarter since our first Cafe, and now we're seeing the results impact our bottom line dramatically" added Merrill. "I know I am happy about all this. I trust there is someone else out there who appreciates it too."