AURORA, Colo. — Bespoke Extracts Inc. reported its financial results for the quarter ended June 30, 2025. Financial results are reported in accordance with U.S. generally accepted accounting principles, and all currency is in U.S. dollars.
Michael Feinsod, Chairman and CEO of Bespoke, stated, “Second quarter revenue was $390,553, up 48.4% compared to $263,159 in the first quarter of 2025 and 40.4% compared to $278,163 in the second quarter of 2024. Gross margin of 50.6% increased 1,250 basis points compared to the prior year period.”
Three Months Financial Highlights
Revenue of $390,553, an increase of 40.4% over the prior year.
Gross profit of $197,499 and gross margin of 50.6%, an increase of 1,250 basis points year-over-year.
GAAP net loss of $205,106, compared to $260,895 in the three months ending June 30, 2024
Net loss per share of $0.02 per basic and diluted share, compared to a net loss per basic and diluted share of $0.03 in the three months ending June 30, 2024.
Six Months Financial Highlights
Revenue of $653,712, an increase of 21.4% over the prior year.
Gross profit of $308,278 and gross margin of 47.2%, an increase of 850 basis points year-over-year.
GAAP net loss of $465,627, compared to $575,013 in the six months ending June 30, 2024
Net loss per share of $0.04 per basic and diluted share, compared to a net loss per basic and diluted share of $0.06 in the six months ending June 30, 2024.
Third Quarter 2025 Outlook
Revenue Growth: Based on preliminary third quarter 2025 sales data, we continue to experience sales growth in our new product lines compared the quarter ended September 30, 2024. The Company projects revenue between $425,000 and $450,000 for the quarter ending September 30, 2025, a 53% to 62% increase over $277,471 in the quarter ended September 30, 2024.
Operational Efficiencies: Continued improvements in manufacturing processes are expected to support higher production volumes and consistent product quality.
Gross Margin Improvement: Enhanced production efficiencies and cost management in raw materials, packaging, and labor are projected to drive improved gross margins during the third quarter when compared to the second quarter.
About Bespoke Extracts Inc.:
Bespoke Extracts Inc. is a Nevada corporation operating in the regulated cannabis markets in the United States. Through its wholly-owned subsidiary, Bespoke Extracts Colorado LLC, the Company operates a marijuana-infused products manufacturing facility in Aurora, Colorado, focusing on delivering products to licensed dispensaries under its rebranded portfolio, The Joint Company.
