Kaival Brands reports Q1 EPS (5c) vs (9c) last year

Reports Q1 revenue $2.5M vs $2.8M last year. Eric Mosser, President and Chief Operating Officer of Kaival Brands, stated, "With our two recent distribution announcements, totaling up to 53,500 doors, we are looking forward to expanding our national footprint. Despite a slight decrease in revenues versus the comparable quarter last year and our fiscal fourth quarter, primarily due to an unusually large amounts of credits, discounts, and rebates to customers, which we do not expect to continue, we are continuing to focus on broadening distribution channels and driving revenue, all with the goal of materially expanding our business and increasing shareholder value."