Odd Burger Corporation has released its financial results for the first quarter of fiscal 2025, reporting revenue growth and a significant reduction in net loss compared to the previous quarter.
Revenue for the quarter reached $727,294, marking a 6.2% increase from the prior quarter, while remaining largely unchanged from the same period last year. The company attributed the increase to its expanding franchise network and growing consumer-packaged goods (CPG) business.
Net loss for the quarter was $272,476, a sharp decline from the $1.3 million loss reported in the previous quarter. The company also reported improved gross margins, citing its shift towards a franchise model as a contributing factor.
Continued expansion across Canada
Odd Burger currently operates 20 locations across Canada and continues to focus on franchise expansion and retail partnerships. Earlier this year, the company secured a deal with Calgary Co-op to distribute its plant-based products in Alberta grocery stores.
CEO and co-founder James McInnes stated, “We have been very successful with our strategy, with 20 units operational across Canada and our consumer-packaged goods line now rapidly growing.
“As we move forward, our focus is on growing our revenue and continuing to build and deploy the technology that will truly differentiate us from anyone else in our industry.”
