Reborn Coffee rises on higher Q2 revenue

Reborn Coffee

04/10/2022 16:16

** Shares of California-based specialty coffee retailer
Reborn Coffee Inc  REBN.O  rise as much as 7% to $1.80
    ** Stock last up ~6%, on course to snap three-day losing
streak
    ** REBN reported its results for the first time on Tuesday
since going public in August 2022 
    ** Company's Q2 total net revenue rose 61% to $788,476
    ** However, Q2 net loss rose to $937,148, or 8 cents per
share, from $307,684, or 3 cents, a year earlier 
    ** Stock has fallen ~64% from its August IPO price of $5
 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com ; Twitter: https://twitter.com/AnanyaMariam))