An Illinois-based micro cap just reported its financial results for the third quarter of fiscal year 2021. The results got traders rather excited, so here are the highlights:
- Revenue of $789,000 versus $624,000 YoY
- Net income of $133,000 versus $104,000 YoY
- $0.02 EPS versus $0.01 YoY
These results sent shares of BAB Inc. (OTCQB:BABB) higher as shares are trading $0.80/share (+6.67%) as we head into the final hour of trade. This move is a strong continuation of the success the stock has had this month.
BAB Inc. franchises and licenses bagel and muffin retail units under the Big Apple Bagels, My Favorite Muffin, and SweetDuet trade names. The company also sell its trademark bagels, muffins and coffee through non-traditional channels of distribution including under licensing agreements with Kohr Bros. Frozen Custard and Green Beans Coffee. It has approximately 85 franchise units and three licensed units in operation in over 20 states across the United States and one international location.
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