HOME BISTRO INC - HBIS STOCK NEWS

Home Bistro (OTC PINK:HBIS) announced that celebrity chef and 'Chopped' Champion Katsuji Tanabe has joined its prepared meal delivery platform. Home Bistro CEO Zalmi Duchman highlighted the growing trend of Japanese-Mexican fusion cuisine and expressed excitement about offering Tanabe's culinary creations. Chef Tanabe, known for his unique dishes, emphasized the convenience of home delivery for his meals. This partnership aims to enhance Home Bistro's offerings amidst the competitive meal delivery market.

Home Bistro (HBIS) reported its financial results for Q3 ended July 31, 2022. The company experienced a modest revenue decrease, attributed to consolidating West Coast operations into South Florida. Despite this, initiatives such as reduced royalty payments, product costs, and administrative expenses are expected to enhance gross margins. CEO Zalmi Duchman emphasized plans for a Nasdaq up-listing and equity offering to support growth and shareholder value. Home Bistro continues to expand its celebrity chef meal offerings and branding through its platform.

Home Bistro (OTC PINK:HBIS) has filed an application to list its common stock on the Nasdaq Capital Market. CEO Zalmi Duchman believes this move will enhance visibility, improve trading liquidity, and attract a broader investor base, ultimately adding value for shareholders. The company has collaborated with investment bankers on a potential equity offering, aimed at securing capital for significant business expansion. Until the Nasdaq review concludes, Home Bistro's shares will continue to trade on the OTC under the symbol HBIS.

Home Bistro (OTC PINK:HBIS) has launched a new line of meals by renowned vegan chef Priyanka Naik, enhancing its offerings to attract a new customer segment. CEO Zalmi Duchman expressed excitement over this expansion, highlighting the menu's growth to 40 unique meals from seven celebrity chefs. Home Bistro, known for its ready-made, gourmet meal delivery, aims to promote sustainable eating through Naik's culinary expertise. This strategic addition aligns with the company's ongoing efforts to diversify its menu and enhance its appeal in the competitive meal delivery market.

Home Bistro (HBIS) has announced positive results from a beta test of a new three-tiered pricing structure, set to roll out on August 1, 2022. CEO Zalmi Duchman stated that the initiative aims to lower meal prices to under $20 while maintaining premium quality and improving profitability. This plan is part of a broader strategy to reduce costs, expand revenue, and increase gross profit margins. The company anticipates achieving profitability by 2023 through these measures.

Home Bistro, Inc. (OTC PINK: HBIS) announced a 127% increase in revenue for Q2 2022, totaling $743,263 compared to $328,024 in Q2 2021. This growth is attributed to the integration of the Model Meals brand and new partnerships with celebrity chefs. CEO Zalmi Duchman emphasized ongoing efforts to improve profit margins and reduce expenses. The company reported a net loss of $3.1 million for the quarter, up from $1.0 million in the previous year, driven by increased operational costs.

Home Bistro, Inc. (OTC PINK: HBIS) has partnered with the Alab Group to create new brand strategies, focusing initially on enhancing its communication efforts for Home Bistro and later for the Model Meals brand. This collaboration aims to strengthen the company's presence in the gourmet meal delivery market through targeted messaging campaigns and promotions. CMO Danika Brysha highlights the importance of this partnership for increasing visibility and sales. Home Bistro features meals prepared by notable chefs, establishing itself as a key player in the online meal delivery space.

Home Bistro (OTC PINK:HBIS) has launched its inaugural subscription-based offering for the Model Meals brand, providing three meals a day for up to five days weekly. Targeting southern California, where the company has a production facility and strong customer base, the subscription aims to enhance customer experience and lifetime value. CEO Zalmi Duchman expressed excitement over establishing a recurring revenue model, indicating potential for further subscription offerings. Home Bistro specializes in gourmet, chef-inspired meals, focusing on quality ingredients and eco-friendly packaging.

Home Bistro (OTC PINK:HBIS) reported a remarkable 51% increase in its customer reorder rate for Q1 2022 compared to Q1 2021. This surge indicates a strong level of customer satisfaction, with a continuous flow of five-star reviews for its gourmet meals. CEO Zalmi Duchman anticipates further growth following the launch of a new subscription service. Home Bistro specializes in celebrity chef-inspired meals and offers a range of healthy meal options through its Model Meals brand.