All figures in U.S. Dollars
In Q3 2014, sales increased by 11.4% over Q2 2014 from $66,643 to $74,268.
9-months YTD sales for 2014 are $206,872 compared with $211,347 9-months YTD 2013. The minor dollar reduction between YTD 2013 and YTD 2014 arises entirely from currency fluctuation, not from a reduction in demand. Winning Brands Canadian unit volume sales increases in Q3 were offset by an 8% average reduction in the value of the Canadian dollar (where most of the company’s sales presently occur) vs the U.S. Dollar, on a year-over-year basis, 2014 product demand year-to-date (in unit volume) was higher compared to 2013.
In the opinion of management, this positive momentum in physical product demand will continue into Q4 2014. Customer orders already booked between October 1, 2014 and November 15, 2014 for delivery during Q4 2014 exceed U.S. $100,000, making it likely that the company will surpass its 2013 annual sales figure of $308,605.
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Bottom line results have improved as well, as operating losses continue to decline. The net loss for the 9-months YTD 2014 of $314,766 is a reduction of more than 25% from the 2013 9-months YTD loss of $ 428,780.
The complete report is filed at www.OTCMarkets.com
