Nepra Foods Inc. Issues Clarification on CEO Letter Disclosure
Nepra Foods (OTCQB:NPRFF) has issued a clarification regarding its previous CEO letter, providing detailed financial figures for FY2025. The company reported revenue growth of 50.3% to CAD$6.25M and a 48.5% reduction in net losses to CAD$2.34M. Operating expenses decreased by 12.3% to CAD$3.62M, while lease liabilities were reduced by 29.9% to CAD$2.44M.
The company is undergoing board restructuring with active involvement from Chairman Mark Retzloff and board member Tim Hogan in daily operations. Nepra is pursuing accretive revenue streams alongside long-term R&D projects while maintaining focus on cost management and debt reduction initiatives.
Nepra Foods (OTCQB:NPRFF) ha emesso una clarificazione riguardo alla sua precedente lettera del CEO, fornendo cifre finanziarie dettagliate per l'FY2025. L'azienda ha riportato una crescita del fatturato del 50,3% a CAD$6,25 milioni e una riduzione del 48,5% delle perdite nette a CAD$2,34 milioni. Le spese operative sono diminuite del 12,3% a CAD$3,62 milioni, mentre le passività derivanti dai noleggi sono calate del 29,9% a CAD$2,44 milioni.
L'azienda sta ristrutturando il consiglio con un coinvolgimento attivo del presidente Mark Retzloff e del consigliere Tim Hogan nelle operazioni quotidiane. Nepra sta perseguendo flussi di reddito accrescitivi insieme a progetti di R&D a lungo termine, mantenendo l'attenzione sulla gestione dei costi e sulle iniziative di riduzione del debito.
Nepra Foods (OTCQB:NPRFF) ha emitido una aclaración respecto a su carta anterior del CEO, proporcionando cifras financieras detalladas para el FY2025. La empresa reportó un crecimiento de ingresos del 50,3% a CAD$6,25 millones y una reducción del 48,5% de las pérdidas netas a CAD$2,34 millones. Los gastos operativos bajaron un 12,3% a CAD$3,62 millones, mientras que las obligaciones por arrendamientos se redujeron en 29,9% a CAD$2,44 millones.
La empresa está llevando a cabo una reestructuración de la junta con la participación activa del presidente Mark Retzloff y del miembro de la junta Tim Hogan en las operaciones diarias. Nepra busca flujos de ingresos acreedores junto con proyectos de I+D a largo plazo, manteniendo el enfoque en la gestión de costos y en las iniciativas de reducción de deuda.
Nepra Foods (OTCQB:NPRFF)가 CEO 서한에 대한 추가 설명을 발표했으며 FY2025에 대한 상세한 재무 수치를 제공했습니다. 회사는 매출이 50.3% 증가하여 CAD$6.25백만이고 순손실이 48.5% 감소해 CAD$2.34백만임을 보고했습니다. 운영비는 12.3% 감소하여 CAD$3.62백만, 임차부채는 29.9% 감소하여 CAD$2.44백만로 감소했습니다.
회사 이사회 구조 조정이 진행 중이며, 회장 Mark Retzloff와 이사회 멤버 Tim Hogan이 일상 업무에 적극적으로 참여하고 있습니다. Nepra는 장기 연구개발(R&D) 프로젝트와 함께 수익 창출 경로를 모색하며 비용 관리와 부채 축소에 집중하고 있습니다.
Nepra Foods (OTCQB:NPRFF) a publié une clarification concernant sa lettre précédente du PDG, fournissant des chiffres financiers détaillés pour l’exercice FY2025. L’entreprise a enregistré une croissance du chiffre d’affaires de 50,3% à CAD$6,25 millions et une réduction des pertes nets de 48,5% à CAD$2,34 millions. Les dépenses opérationnelles ont diminué de 12,3% à CAD$3,62 millions, tandis que les obligations de bail ont été réduites de 29,9% à CAD$2,44 millions.
La société procède à une restructuration du conseil avec la participation active du président Mark Retzloff et du membre du conseil Tim Hogan dans les opérations quotidiennes. Nepra recherche des sources de revenus accréditives tout en menant à bien des projets de R&D à long terme, tout en maintenant l’accent sur la gestion des coûts et les initiatives de réduction de la dette.
Nepra Foods (OTCQB:NPRFF) hat eine Klarstellung zu seinem vorherigen CEO-Brief veröffentlicht und detaillierte Finanzzahlen für das Geschäftsjahr FY2025 geliefert. Das Unternehmen meldete Umsatzwachstum von 50,3% auf CAD$6,25 Mio. und eine Reduktion der Nettolasten um 48,5% auf CAD$2,34 Mio. Betriebsausgaben sanken um 12,3% auf CAD$3,62 Mio., während Mietverbindlichkeiten um 29,9% auf CAD$2,44 Mio. reduziert wurden.
Das Unternehmen durchläuft eine Umstrukturierung des Boards mit aktivem Engagement des Vorsitzenden Mark Retzloff und Board-Mitglied Tim Hogan in den täglichen Abläufen. Nepra verfolgt ertragssteigernde Einnahmequellen neben langfristigen F&E-Projekten und legt gleichzeitig den Fokus auf Kostenmanagement und Schuldenabbau.
Nepra Foods (OTCQB:NPRFF) أصدرت توضيحاً بخصوص خطاب الرئيس التنفيذي السابق، مقدِّمةً أرقاماً مالية تفصيلية للسنة المالية FY2025. أشارت الشركة إلى نمو في الإيرادات بنسبة 50.3% إلى CAD$6.25 مليون و خفض صافي الخسائر بنسبة 48.5% إلى CAD$2.34 مليون. كما انخفضت المصروفات التشغيلية بـ 12.3% إلى CAD$3.62 مليون، بينما خفضت الالتزامات الإيجارية بـ 29.9% إلى CAD$2.44 مليون.
تجري الشركة هيكلة مجلس الإدارة مع مشاركة فعّالة من الرئيس Mark Retzloff وعضو المجلس Tim Hogan في العمليات اليومية. تسعى Nepra إلى قنوات دخل تعزّز الإيرادات إلى جانب مشاريع بحث وتطوير طويلة الأجل مع الحفاظ على التركيز على إدارة التكاليف ومبادرات خفض الدين.
Nepra Foods (OTCQB:NPRFF) 已就其前任首席执行官来信发布澄清，并提供 FY2025 的详细财务数据。公司报告 收入同比增长50.3%，达到CAD$6.25百万，净亏损同比下降48.5%，至CAD$2.34百万。运营费用下降了 12.3% 至CAD$3.62百万，而租赁负债下降了 29.9% 至CAD$2.44百万。
公司正在进行董事会重组，董事长Mark Retzloff和董事Tim Hogan积极参与日常运营。Nepra 正在寻求带来增值的收入来源，同时推进长期的研发项目，并专注于成本管理和债务削减计划。
- Revenue increased by 50.3% to CAD$6.25M year-over-year
- Net loss reduced significantly by 48.5% to CAD$2.34M
- Operating expenses decreased by 12.3% to CAD$3.62M
- Lease liabilities reduced by 29.9% to CAD$2.44M
- Active board involvement in daily operations with restructuring efforts
- Company remains unprofitable with CAD$2.34M net loss
- Previous CEO letter contained incorrect financial information
- Required regulatory intervention for clarification of disclosures
VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / September 16, 2025 / Nepra Foods Inc. (CSE:NPRA)(OTCQB:NPRFF) ("Nepra" or the "Company") issues the following clarification at the request of the Canadian Investment Regulatory Organization (CIRO), regarding its press release dated September 11, 2025, titled "Nepra Foods Issues Letter from CEO."
Clarification of Financial Information
In the previous release, certain statements regarding financial performance for the fiscal year ended March 31, 2025 ("FY2025"), were presented using percentage changes without accompanying baseline figures, which could limit investor assessment. Below are the clarified figures from its audited consolidated financial statements (available on SEDAR+ at www.sedarplus.ca).
Revenue: Increased by
50.3% to CAD$6,253,768 in FY2025 from CAD$4,161,354 in FY2024.Net Loss: Decreased by
48.5% to CAD$2,335,340 in FY2025 from CAD$4,536,525 in FY2024 (the original release incorrectly stated a reduction of over302% ; this has been corrected based on audited figures).Operating Expenses: Decreased by
12.3% to CAD$3,622,820 in FY2025 from CAD$4,133,107 in FY2024.Lease Liabilities: Decreased by
29.9% to CAD$2,438,390 in FY2025 from CAD$3,478,874 in FY2024.
These improvements reflect the Company's focus on cost management and debt reduction, amid ongoing efforts to achieve profitability.
The Company is advancing its board restructuring, with active involvement from Chairman Mark Retzloff and board member Tim Hogan in daily operations. The Company is also pursuing accretive revenue streams alongside long-term R&D projects.
Investors are encouraged to review the full audited financial statements and management's discussion and analysis on SEDAR+ for a comprehensive view of the Company's performance, including risks and trends. The investor deck referenced in the original release is available at www.neprafoods.com/investors.
The Company regrets any confusion and reaffirms its commitment to transparent, accurate, and balanced disclosure in compliance with all regulatory requirements.
About Nepra Foods
Nepra Foods is a specialty food company focused on innovative and proprietary allergen- and gluten-free food ingredient technologies. The Company supports food manufacturers globally with formulations, ingredients, and technical support for the production of nutritious foods. For more information, visit www.neprafoods.com.
Contact:
William Hogan, CEO
Email: investors@neprafoods.com
Investor Relations Toll-free: 1-844-566-1917
The CSE has neither approved nor disapproved the contents of this news release. The CSE does not accept responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements This news release contains statements and information that, to the extent that they are not historical fact, constitute "forward-looking information" within the meaning of applicable securities legislation. Forward-looking information is based on the reasonable assumptions, estimates, analysis, and opinions of management made in light of its experience and its perception of trends, current conditions, and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect.
Forward-looking information involves known and unknown risks, uncertainties, and other factors that may cause the actual results, performance, or achievements of the Company to differ materially from any future results, performance, or achievements expressed or implied by the forward-looking information, including, but not limited to, statements relating to the Company's financial performance, business development, results of operations, and those listed in filings made by the Company with the Canadian securities regulatory authorities (which may be viewed at www.sedarplus.ca). Accordingly, readers should not place undue reliance on any such forward-looking information. Further, any forward-looking statement speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company's management to predict all of such factors and to assess in advance the impact of each such factor on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. The Company does not undertake any obligation to update any forward-looking information to reflect information, events, results, circumstances, or otherwise after the date hereof or to reflect the occurrence of unanticipated events, except as required by law, including securities laws.
SOURCE: Nepra Foods
View the original press release on ACCESS Newswire
FAQ
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