LONDON, ON, , Aug. 8, 2025 /CNW/ – Odd Burger Corporation (“Odd Burger” or the “Company“) (TSXV: ODD) (OTCPK: ODDAF) (FSE: IA9), one of the world’s first vegan fast-food chains and a pioneer in plant-based quick service, is pleased to announce that its financial results for its third quarter, ended June 30, 2025, have been posted with Canadian securities regulatory authorities at www.sedar.com. Odd Burger reported its highest quarterly revenue in the Company’s history and achieved positive EBITDA, a key indicator that Odd Burger’s core operations are profitable.
- Revenue: $1,044,646 — a record high for the Company, representing a 42.8% increase over Q2 2025 and an 18.8% increase over Q3 2024.
- EBITDA: $40,407 — a improvement of $282,426 from negative EBITDA of $(242,019) in Q2 2025, marking a key milestone for the Company’s profitability.
- Gross Margin: $443,575 (42.5%) — up from 34.0% in Q2 2025, driven by increased franchise revenue and improved pricing in retail sales channels.
- Net Loss: $(147,905) — a 60% improvement over Q2 2025 net loss of $(372,300).
- Salaries & Wages: $126,658 — reduced by 57% compared to Q3 2024 due to leaner staffing strategies.
- SG&A Expenses: $222,912 — down $130,569 from Q2 2025.
“Achieving positive EBITDA this quarter marks a critical milestone for Odd Burger,” said James McInnes, CEO and Co-Founder of Odd Burger. “It validates the strength of our business model and demonstrates that we can scale efficiently while maintaining operational discipline. Surpassing $1 million in quarterly revenue for the first time—paired with strong gross margins—highlights both the growing demand for our offering and the exceptional execution by our team.”
SUMMARY OF QUARTERLY RESULTS
The following sets forth unaudited financial information for each of the last eight quarters and subsequent abbreviated analysis from the company’s MD&A.
|
Quarter Ended |
June 30, 2025 |
Mar 31, 2025 |
Dec 31, 2024 |
Sept 30, 2024 |
|
Revenue |
$1,044,646 |
$731,337 |
|