Welcome to our dedicated page for TOGA news (Ticker: TOGL), a resource for investors and traders seeking the latest updates and insights on TOGA stock.
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Toga Limited (OTC: TOGL) released its unaudited financial results for the fiscal year ending July 31, 2020, reporting a revenue of $16.5 million, a 180% increase from $5.9 million in 2019. Gross profit rose to $6.1 million, up by 47.7%, though gross margin dropped to 37.24% from 70.62%. Operating expenses decreased by 8.4%, leading to a net loss of $9.9 million, which is a 3.4% improvement over the previous year's loss. Liquidity declined, with cash decreasing by 37.2% to $9.4 million and total assets down by 23.5% to $18.0 million.
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