Finance

KushCo Holdings 2018 Fiscal Report Shows Revenue Up 177% Year-Over-Year

By November 29, 2018 No Comments

KushCo Holdings, Inc. (OTCQB: KSHB) announced on November 26th the company’s financial reports for the fiscal year of 2018. The company’s fiscal report showed that the company’s year-over-year revenue increased by 177%. Chairman and Chief Executive Officer of KushCo Holdings, Nick Kovacevich, said, “We are exceptionally pleased with the financial results we achieved during the fiscal year with revenues of $52.1 million, representing 177% growth compared to approximately $18.8 million in fiscal 2017. Our strong revenue growth was the result of dramatic growth in our most critical markets, with growing customer numbers, an increasingly diversified offering and expanded facility capabilities…”

The company chairman and CEO went on to add that the company has been disappointed by the current level of margin growth as a larger increase was expected occur from the company’s rapid expansions. The CEO believes that the minor numbers are only short-term and that the company has initiated many programs to actively increase company margins for the future.

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