Sheepdog
4週前
What this shows is that the 2 Canadian SnL's account for 33% of the revenue but 52% of the expenses. They lose about 50 cents for every dollar of revenue..
EBITA for USA is stated as $240,000. The company as a whole has an EBITA of about $73,000 (Company loss was 94K with Interest about $29K, depreciation about 93K and amortization about 45K). That means the rest of Amfil (the 2 canadian outlets) had an EBITDA LOSS of about $167K
"For Q3, U.S. holding company expenses reduced the overall contribution from the restaurant operations" What a BS statement trying to explain away continued losses. The holding company ALWAYS does that....by definition. The way this company does it's books, that is overhead. Easy fix? spin off the USA operations. That would fix that and ALSO allow franchising with audited statements now being possible.
"The Company also generated positive cash flow from operating activities of $82,195". The company did NOT "generate" positive cash flow. It had to rely on "Cash Flow from financing activities" of $11,514 to increase cash.
This situation can be fixed for the shareholders. Unload the Toronto SnL locations and start USA franchising. So.....Will Susan do that?
cdaniel394
1月前
$FUNN -SNAKES & LATTES INC. REPORTS Q3 FY2026 QUARTERLY RESULTS
Press Release
OTC Disclosure & News Service | 05/15/2026
Snakes & Lattes Inc. / Amfil Technologies Inc. (OTC:FUNN) results for Fiscal Q3, quarter ending March 31st, 2026.
SNAKES & LATTES INC. is pleased to provide shareholders with a summary of its Q3 fiscal 2026 results. The quarter showed continued improvement across the Company’s consolidated results, with stronger revenue, improved gross profit, reduced operating loss, positive operating cash flow, and encouraging performance from the Company’s U.S. restaurant operations.
For Q3 2026, consolidated revenue increased to $2.01 million, compared with $1.85 million in Q2. Gross profit improved to $1.58 million, compared with $1.46 million in the prior quarter. The Company reduced its consolidated operating loss to ($63,625), compared with ($113,673) in Q2, and net loss improved to ($94,208), compared with ($137,497) in the prior quarter. The Company also generated positive cash flow from operating activities of $82,195 and ended the quarter with $114,177 in cash and equivalents.
The most encouraging results came from the Company’s U.S. restaurant operations. For the quarter ended March 2026, the U.S. restaurants generated approximately $1.34 million in revenue, $1.05 million in gross profit, $153,000 in operating profit, and $240,000 in EBITDA. Restaurant-level EBITDA margin was approximately 18%, compared to an industry average of 10%.
The U.S. restaurants also showed strong operational momentum. Admissions increased to 25,478, compared with 20,441 in the prior quarter, while revenue per admission remained healthy at approximately $53. Cost of goods sold remained stable at approximately 22%, gross profit margin held at approximately 78%, and payroll improved to approximately 28% of revenue.
These results reinforce management’s belief that the U.S. hospitality platform remains the Company’s strongest path forward. The restaurant operations are demonstrating positive venue-level economics, strong guest demand, and meaningful EBITDA generation. Importantly, the U.S. restaurants themselves were profitable at the operating level during the quarter.
At the same time, the Company continues to manage legacy liabilities, negative equity, corporate overhead, and working capital constraints. For Q3, U.S. holding company expenses reduced the overall contribution from the restaurant operations. Management’s focus remains on reducing the impact of corporate overhead, improving structure and reporting, and allowing more of the restaurant-level profitability to flow through to consolidated results.
Looking ahead, management’s priorities remain focused on:
Growing U.S. restaurant revenue;
Continuing to improve restaurant-level EBITDA;
Increasing event, group, and private-party revenue;
Maintaining strong gross margins;
Managing payroll, occupancy, and operating expenses;
Reducing the drag of holding company overhead;
Improving corporate structure and reporting;
Reducing liabilities where possible;
Building a clearer platform for future hospitality growth.
While challenges remain, Q3 represented a positive step forward. The Company’s consolidated results improved, and the U.S. restaurant business continued to demonstrate the operating strength management believes can serve as the foundation for long-term shareholder value.
Sheepdog
1月前
Yep. Roger (with Larry's help) stole his initial 350M shares with a street value of about $1.2M to take control. Then when he diluted himself to losing that power (with Larry's and Ben's help) they then stole another approx $5M of shareholder equity to retain absolute control over the street shareholders. now with Ben possibly going astray, he needs another 203,477,392 shares under his control to add to what Larry and he have already stolen.
There are only another 163,338,000 available to issue via preferreds. He still would need about 40M shares and since he has screwed every other shareholder, he may have a hard time getting them....even from his brother, Jacques.
Ben has the power (with the rest of us) to bounce Roger. Will he use it for the shareholders, or for himself? It is more likely the rest of the preferreds will be issued to him instead of Roger to buy off his votes.
shajandr
1月前
Nah, Rogerinocchio and Leisure Suit LARRY will just issue themselves more supervoting 77.78-for-1 preferred shares as needed to maintain voting control.
They did it already and they CONtrol the BOD and can issue themselves shares at will for no cost (see Leisure Suit LARRY the 77,780,000 shares-for-nuttin ghost). Rogerinocchio is crooked, butt he's nott dumb, altho his spellink, usage, and grammar are third-grade level at best (see, e.g., the PRs and filings).
jrf30
2月前
CEO Letter To Shareholders
Press Release
OTC Disclosure & News Service | 04/21/2026
Dear Shareholders,
I am writing to introduce myself as your new Chief Executive Officer and share my perspective on our company's path forward.
A Personal Introduction
Many of you know me from my years of operational leadership within the company. I am honored to now serve as CEO and grateful for the board's confidence in my ability to lead our organization through its next phase of growth.
My background is in hospitality operations, and I have been deeply involved in building and refining the guest experience at our U.S. cafe locations in Tucson, Tempe, and Chicago. I understand our business from the ground up - what works, what challenges we face, and what opportunities lie ahead.
Our Business Today
The US operates three successful locations that combine food, beverages, and social gaming in a unique hospitality experience. Our locations have demonstrated the viability of our concept and built loyal customer bases in their respective markets.
The fundamentals of our business are strong:
Proven Operations - Three locations generating consistent revenue
Unique Market Position - We offer something distinctive in the hospitality space
Experienced Team - Dedicated staff who understand our concept and execute it well
Growth Potential - Opportunities to expand and scale our successful model
Strategic Priorities
As CEO, my focus is on building sustainable value for shareholders. This means:
Operational Excellence - Continuing to refine and strengthen our existing locations, ensuring they deliver exceptional guest experiences and solid financial performance.
Strategic Clarity - Making decisions that position us for long-term success, even when those decisions require difficult changes or careful timing.
Growth Development - Pursuing expansion opportunities that make strategic and financial sense for our company. More on this later.
Transparent Communication - Keeping shareholders informed about our progress, challenges, and direction.
What to Expect
You can expect regular updates from me as we execute our strategy. Some of these updates will involve significant announcements about our direction; others will be operational progress reports. All will be delivered with transparency and a focus on shareholder value.
I believe deeply in the potential of this business. We have real operations, real revenue, and real opportunities ahead. My job is to make the right decisions to capture that potential and deliver returns for shareholders.
My Commitment
I am committed to building a valuable, sustainable business. This requires focus, discipline, and sometimes patience as we position ourselves for the right opportunities at the right time.
I look forward to leading this company and to sharing more detailed strategic updates with you as plans develop and timing is appropriate.
Thank you for your continued support.
Sincerely,
Susan Lawver
Chief Executive Officer
Snakes & Lattes Inc.
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