Earnings Spotlight: Nutralife Biosciences Inc (OTCQB:NLBS)

Business

Nutralife Biosciences Inc (OTCQB:NLBS) stock gained 1.12% and closed at 0.23 On Thursday. The stock opened the session at $0.23 and touched its highest price point at $0.24. Its recent trading capacity is 17573 shares versus to its average trading volume of 58270 shares. The company’s stock’s lowest price point for the session stood at $0.22.NLBS traded as low as $ 0.1 in the past 52 weeks, and shares hit its peak level to $0.34.

Nutralife Biosciences Inc (OTCQB:NLBS) announced financial results for its fiscal 2019 first quarter ended March 31, 2019. The Company posted quarterly revenue of $720,799 and quarterly loss per diluted share of $0.01. These results compare to revenue of $722,905 and loss per diluted share of $0.01 for the same quarter of last year.  For the quarter ended March 31, 2019, the Company’s total assets were $4,462,098 compared to $1,830,329 for the same quarter in 2018, an increase of 144%.

For the Three Months Ended March 31, 2019

Q1 2019, Sales for Q1 2019 were $720,799 compared to $722,905 for the same period in 2018.

Q1 2019, Cash & Cash Equivalents at the End of the Period were $676,822 compared to $151,707 for the same period in 2018.

Q1 2019, Proceeds from the sale of stock was $2,224,480 compared to $0 for the same period in 2018.

Q1 2019, Receivables increased to  $115,484 at March 31, 2019 from $54,082 for the same period in 2018.

Q1 2019, Loss from Operations was $994,306 compared to $595,561 for the same period in 2018.

Q1 2019, Cash used by operations was $1,208,126 compared to $6,900 for the same period in 2018.

Q1 2019, General & Administrative Expenses were $901,167 compared to $418,422 for the same period in 2018.

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