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Inscape reports $3.7M Q2 loss, steps up work-from-home furniture program - Vimarsana News

Inscape reports $3.7M Q2 loss, steps up work-from-home furniture program

Comments Inscape is looking to capitalize on the work-from-home trend, including selling its RockIt@Home desk products directly to the consumer marketplace. HOLLAND LANDING, Ontario -- Inscape, a manufacturer of workplace furniture, posted a $3.7 million loss in the second quarter of fiscal 2021, as sales dropped more than 200 percent during the COVID-19 pandemic to $7.2 million compared to $23.3 million for its second quarter in 2020. Inscape’s sales for the six months ended Oct. 31, 2019, totaled $18.5 million, compared to $44.0 million for the same period of fiscal 2020. I...

Inscape Announces Second Quarter Fiscal 2021 Financial Results - Vimarsana News

Inscape Announces Second Quarter Fiscal 2021 Financial Results

in early 2021." Total sales for the second quarter of fiscal 2021 were $7.2 million, compared to $23.3 million for the same period of fiscal 2020. Net loss for the second quarter of fiscal 2021 was $3.7 million or negative $0.26 per diluted share, compared to net income of $0.4 million or positive $0.03 per diluted share for fiscal 2020. Non-GAAP EBITDA for the second quarter was negative $2.7 million, compared to positive $1.2 million, for fiscal 2020. Total sales for the six months ended October 31, 2020 were $18.5 million, compared to $44.0 million for the same period of fiscal 2020. Net...