News & Analysis » US
Spicy Pickle Franchising Q2 Loss Narrows - Quick Facts
September 3, 2010, Friday, 02:59 GMT | 21:59 EST | 07:29 IST | 09:59 SGT
(RTTNews) - Spicy Pickle Franchising, Inc. (SPKL), reported narrower loss for the second quarter, helped mainly by lower expenses.
For the second quarter net loss attributable to shareholders narrowed to $0.23 million from $0.32 million in the same quarter last year. The company recorded breakeven per share for the quarter compared to $0.01 per share in the year-ago quarter.
Revenue for the recent quarter remained flat at $1.22 million. Franchise fees and royalties for the quarter rose to $0.54 million compared to $0.49 million in the prior-year quarter.
Operating expenses for the quarter under review decreased to $1.39 million from $1.45 million a year ago.
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