TDH Holdings Inc (PETZ) stock gained 8.33% in the normal trading session on Monday, April 26, 2021, to close at $2.47 per share but it lost 8.91% in the after-hours on Monday.
3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
PETZ shares have surged142.16% over the last 12 months, and they have moved down by 8.86% in the past week. Over the past three months, the stock has gained 17.62%, while over the past six months, it has added 59.35%.
Let’s see what’s happening with PETZ.
Financial results
On April 26, 2021, TDH Holdings, Inc reported its financial results for the twelve months ended December 31, 2020.
FY 2020 financial Highlights
- Total revenues were $0.82 million in 2020 from $12.65 million in 2019.
- The cost of revenues was $0.86 million for the year 2020 compared to $14.17 million for 2019.
- For the year 2020, the gross loss was $0.04 million compared to the gross profit of $1.52 million for 2019.
- General and administrative expenses were $1.77 million for FY 2020 compared to $3.70 million for 2019.
- Selling expenses were $0.12 million for 2020 compared to $0.92 million for 2019.
- TDH Holdings suffered an operating loss of $1.93 million for 2020 compared to an operating loss of $6.96 million for 2019.
- Net loss was $0.87 million or loss per share of $0.02 for the year 2020, compared to a net loss of $8.63 million or loss per share of $0.41 for 2019.
- As of December 31, 2020, the Company had cash, cash equivalents, and restricted cash of $6.75 million, compared to $6.50 million on December 31, 2019.
About the company
TDH Holdings Inc was founded in April 2002, and it is a developer, manufacturer, and distributor of a variety of pet food products under multiple brands that are sold in China, Asia, and Europe.
Recent developments
- In 2017, Tiandihui Company was successfully listed in the United States.
- In 2016 it formally established a cooperative relationship with China Agricultural University.
- In 2015 The fourth factory of Tiandihu, Pude Factory was formally established.
- In 2014 The third factory of Tiandihui-Haiqing Factory was formally established
Conclusion
The financial results announcement was the reason behind its loss on Monday and we can expect it to decline further because there is a huge decrease in revenue compared to the previous financial year.