Bespoke Extracts, Inc. Announces Financial Results for the Second Quarter ended June 30, 2025
AURORA, Colo., Aug. 27, 2025 (GLOBE NEWSWIRE) -- Bespoke Extracts, Inc. ("Bespoke" or the "Company") (OTCQB:BSPK), today reported its financial results for the quarter ended June 30, 2025. Financial results are reported in accordance with U.S. generally accepted accounting principles ("GAAP"), and all currency is in U.S. dollars.
Michael Feinsod, Chairman and CEO of Bespoke, stated, "Second quarter revenue was $390,553, up 48.4% compared to $263,159 in the first quarter of 2025 and 40.4% compared to $278,163 in the second quarter of 2024. Gross margin of 50.6% increased 1,250 basis points compared to the prior year period. As we continue the Colorado expansion of The Joint Company, we produced and shipped a record number of pre-rolls during the quarter."
Three Months Ended June 30, 2025 Financial Highlights:
Revenue of $390,553, an increase of 40.4% over the prior year.
Gross profit of $197,499 and gross margin of 50.6%, an increase of 1,250 basis points year-over-year.
GAAP net loss of $205,106, compared to $260,895 in the three months ending June 30, 2024
Net loss per share of $0.02 per basic and diluted share, compared to a net loss per basic and diluted share of $0.03 in the three months ending June 30, 2024.
Six Months Ended June 30, 2025 Financial Highlights:
Revenue of $653,712, an increase of 21.4% over the prior year.
Gross profit of $308,278 and gross margin of 47.2%, an increase of 850 basis points year-over-year.
GAAP net loss of $465,627, compared to $575,013 in the six months ending June 30, 2024
Net loss per share of $0.04 per basic and diluted share, compared to a net loss per basic and diluted share of $0.06 in the six months ending June 30, 2024.
Second Quarter Operational Highlights:
Record production during the second quarter of over 177,000 pre-rolls.
Continued to achieve cost efficiencies in raw materials, packaging, and labor, increasing gross margins despite increased sampling costs for new product launches and customer acquisition.
Continued year-over-year growth of core Fresh Joints product line.
Doobskis and Dutch Blunts both achieved meaningful market penetration in the second quarter.
Strong growth in our third-party processing business, driven by new client contracts.
For the Three Months Ended
30-Jun-25
31-Mar-25
30-Jun-24
Revenue
$
390,553
$
263,159
$
278,163
Gross Profit
197,499
110,779
106,117
Gross Profit Margin
50.6
%
42.1
%
38.1
%
Income (Loss) from Operations
(161,958
)
(245,338
)
(250,895
)
Net Income
(205,106
)
(260,521
)
(260,895
)
Shares Outstanding
11,153,220
11,153,220
10,168,220
Net Loss Per Share Out.
$
(0.02
)
$
(0.02
)
$
(0.03
)
Production Data
Joints Produced
177,995
113,428
102,148
For the Six Months Ended
30-Jun-25
30-Jun-24
Revenue
$
653,712
$
538,591
Gross Profit
308,278
208,698
Gross Profit Margin
47.2
%
38.7
%
Income (Loss) from Operations
(407,296
)
(553,046
)
Net Income
(465,627
)
(575,013
)
Shares Outstanding
11,153,220
10,168,220
Net Loss Per Share Out.
$
(0.04
)
$
