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Kaspien Holdings Inc - KSPN STOCK NEWS

Welcome to our dedicated news page for Kaspien Holdings (Ticker: KSPN), a resource for investors and traders seeking the latest updates and insights on Kaspien Holdings.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Kaspien Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Kaspien Holdings's position in the market.

Rhea-AI Summary
Kaspien Holdings Inc. (OTCQB: KSPN) to Voluntarily Delist Common Stock from OTCQB
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-12%
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Rhea-AI Summary
Kaspien Holdings Inc. reports Q2 2023 financial results with improved gross profit margins and lower operating expenses driving a $2.5 million improvement in operating income. Net revenue decreased by 2.3% due to the sale of the company's agency business. Gross profit increased to $7.3 million, with a gross profit margin of 22.1%. SG&A expenses decreased by 19.1%. Loss from operations decreased to $0.9 million. Net loss was $1.2 million. Adjusted EBITDA loss was $0.8 million. The company had $0.3 million in cash and cash equivalents and $26.1 million in inventory as of July 29, 2023. Net revenue for the first half of 2023 increased by 0.6%, with a gross profit margin of 22.4%. SG&A expenses decreased by 18.1%. Loss from operations was $2.2 million. Net loss was $3.3 million. Adjusted EBITDA loss was $1.8 million. Cash used in operations was $0.8 million.
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-6.79%
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42.69%
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Rhea-AI Summary
Kaspien Holdings Inc. has announced its decision to voluntarily delist its common stock from The Nasdaq Capital Market and file a Form 25 with the SEC. The delisting is expected to become effective on June 12, 2023. The company received notices from Nasdaq regarding non-compliance with minimum bid price and minimum stockholders' equity requirements.
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-32.95%
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0.14%
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-27.62%
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-2.24%
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Kaspien Holdings Inc

OTC:KSPN

KSPN Rankings

KSPN Stock Data

50.69k
3.99M
25.4%
0.35%
1.11%
Electronics Stores
Retail Trade
Link
US
Spokane

About KSPN

etailz is the premier online marketplace expert partnering with manufacturers and distributors to optimize their brands on amazon, ebay, walmart, and jet. with the use of our proprietary software and ecommerce insight, we advance companies online while protecting their vision, positioning their products, and promoting their brands. most importantly, we’re passionate about the long-term. we form mutually beneficial relationships with our partners; when they succeed, so do we.