Broadside Enterprises, Inc. (OTC: BRSE), Poised to be a Leader in the Rapidly Growing Food Delivery Market, Announces Q1 2024 Results
Broadside Enterprises (OTC: BRSE) announced its Q1 2024 financial results on May 16, 2024. The company, positioned as a leader in the growing online food delivery market, recorded $536,561 in revenue and $66,442 in gross profit. However, it reported a net loss of $133,079 following its acquisition of a digital delivery platform in December 2023. The global food delivery market is projected to grow at a CAGR of 15%, reaching $1.4 trillion by 2029. CEO Alan Moore expressed confidence in capitalizing on the increasing consumer demand for gourmet meals delivered to their doorsteps.
- Revenue of $536,561 in Q1 2024.
- Gross profit of $66,442 during the first full quarter of operations.
- Positioned in a market projected to grow at a 15% CAGR, reaching $1.4 trillion by 2029.
- Recent acquisition of a digital delivery platform in December 2023.
- CEO expresses strong confidence in market position and future growth.
- Net loss of $133,079 in Q1 2024.
- Initial operations are currently unprofitable.
According to Mordor Intelligence, the global food delivery market is estimated to grow at a compound annual growth rate of approximately
"We see a tremendous opportunity," said Alan Moore, CEO of Broadside Enterprises, Inc. "Consumers crave gourmet meals on demand, and Broadside is perfectly positioned to deliver. By leveraging our expertise and commitment to innovation, we're confident we can establish ourselves as a major player in this exciting space."
Having acquired its digital delivery platform in December 2023, the Company generated
Additional information about Broadside can be found in the Company's reports and filings at www.OTCMarkets.com and on its corporate website at www.broadsideenterprises.com.
About Broadside Enterprises, Inc.:
Broadside Enterprises, Inc. (OTC: BRSE) is a publicly traded company in the next generation digital hospitality business.
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company's reports and filings at http://www.OTCMarkets.com.
Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward-looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made.
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SOURCE Broadside Enterprises, Inc.
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