Inactive Instrument

Generation Next Franchise Brands, Inc.

VEND

US37148W1045

Generation Next Franchise Brands, Inc. Reports Earnings Results for the Third Quarter Ended March 31, 2019

May 15, 2019 at 05:13 pm EDT

Generation Next Franchise Brands, Inc. announced earnings results for the third quarter ended March 31, 2019. For the third quarter, the company announced total revenue was USD 2.107 million compared to USD 36,524 a year ago. Operating loss was USD 5.651 million compared to USD 4.754 million a year ago. Net loss was USD 5.713 million compared to USD 5.009 million a year ago. Basic loss per share from continuing operations was USD 0.08 compared to USD 0.11 a year ago. For the nine months, total revenue was USD 8.379 million compared to USD 133,951 a year ago. Operating loss was USD 15.373 million compared to USD 10.979 million a year ago. Net loss was USD 15.468 million compared to USD 12.784 million a year ago. Basic loss per share from continuing operations was USD 0.22 compared to USD 0.31 a year ago.

Latest news about Generation Next Franchise Brands, Inc.

Motion for Asset Sale Approved for Generation Next Franchise Brands, Inc.	20-03-19	CI
Genext Loan, LLC entered into asset purchase agreement to acquire Certain Assets of Generation Next Franchise Brands, Inc. for $1.9 million.	20-03-18	CI
Motion for Asset Sale Filed by Generation Next Franchise Brands, Inc.	20-03-07	CI
Motion For Case Conversion Approved for Generation Next Franchise Brands, Inc.	20-01-24	CI
Motion for Case Conversion or Alternatively Dismissal Filed for Generation Next Franchise Brands, Inc.	20-01-22	CI
Motion for Case Conversion Filed by Generation Next Franchise Brands, Inc.	20-01-21	CI
Motion for Asset Sale Filed by Generation Next Franchise Brands, Inc.	20-01-06	CI
Interim DIP Financing Approved for Generation Next Franchise Brands, Inc.	19-12-26	CI
Motion for Joint Administration Approved for Generation Next Franchise Brands, Inc.	19-12-22	CI
Generation Next Franchise Brands, Inc. Announces Board Resignations	19-12-18	CI
Motion for Joint Administration Filed by Generation Next Franchise Brands, Inc.	19-12-15	CI
Generation Next Franchise Brands, Inc. Filed for Bankruptcy	19-12-15	CI
Fresh Healthy Vending International, Inc. Reports Earnings Results for the Full Year Ended June 30, 2019	19-10-16	CI
Generation Next Franchise Brands, Inc. Announces Board Changes	19-10-09	CI
Generation Next Franchise Brands, Inc. Appoints Ryan Polk to its Board of Directors	19-10-07	CI
Generation Next Franchise Brands, Inc. Provides Revenue Guidance for the Fiscal Year 2020	19-09-19	CI
Generation Next Franchise Brands, Inc. Appoints Thomas McChesney to the Board of Directors	19-09-06	CI
Generation Next Franchise Brands, Inc. has Changed its Name to Generation Next	19-08-16	CI
Generation Next Franchise Brands, Inc. Announces Executive Changes, Effective September 1, 2019	19-08-08	CI
Generation Next Franchise Brands, Inc. Announces Revenue Results for the Month of June and Year 2019	19-07-02	CI
Generation Next Franchise Brands, Inc. announced that it has received $0.25 million in funding	19-06-13	CI
Generation Next Franchise Brands, Inc. announced a financing transaction	19-06-05	CI
Generation Next Franchise Brands, Inc. Announces Revenue Results for the Month of May 2019; Provides Revenue Guidance for the Fourth Quarter and Year Ending June 30, 2019	19-06-05	CI
Generation Next Franchise Brands, Inc. Reiterates Revenue Guidance for the Full Year 2019	19-05-20	CI
Generation Next Franchise Brands, Inc. Reports Earnings Results for the Third Quarter Ended March 31, 2019	19-05-15	CI

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Company Profile

Generation NEXT Franchise Brands, Inc. formerly Fresh Healthy Vending International, Inc., is a franchise development company and operator of Company-owned vending machines, micro markets and frozen yogurt robots. The Company provides a portfolio of fresh, organic and all-natural snacks and drinks. The micro market provides fresh full meal options, such as salads, sandwiches and wraps. The micro market is designed for implementation in corporate environments, hotel lobbies, auto dealerships and other retail environments. The Company is focused on setting up national distribution partners to carry the consumable products required for the frozen yogurt robots. It outsources non-core functions to third-party vendors. Its services include machine manufacturing, transport, location set-up, maintenance, inventory, food management and ordering, payment processing and cash management. As of June 30, 2016, the Company and its franchisees operated over 3,000 vending machines and micro markets.

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Food Retail & Distribution

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