12/06/2021
ARC Group Worldwide Reports Solid Performance with Fiscal Year Results
DELAND, FL / ACCESSWIRE / December 6, 2021 / ARC Group Worldwide, Inc. ("ARC" or the "Company"), a leading global provider of advanced manufacturing, today announces financial results for fiscal year 2021, ended June 30, 2021.
Fiscal Year Results
Net sales of $62.2 million, up 28.1% from the prior-year period;
Gross profit of $14.1 million, up 106.8% from the prior-year period;
Gross margin of 22.6%, up 860 basis points from the prior-year period.
Operating expenses of $7.3 million, down 13.6% from the prior-year period;
Income from continuing operations of $6.8 million, as compared to operating loss of $1.6 million in the prior-year period;
Interest and financing costs of $2.0 million, down 43.1% from the prior-year period;
EBITDA was $12.3 million; up 176% from the prior-year period;
Adjusted EBITDA was $12.5 million, up 163% from the prior-year period.
For additional information please go to:
https://www.otcmarkets.com/stock/ARCW/news/ARC-Group-Worldwide-Reports-Solid-Performance-with-Fiscal-Year-Results?id=334368
or
https://arcw.com/
