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SNAKES & LATTES INC. REPORTS Q3 FY2026 QUARTERLY RESULTS
SNAKES & LATTES INC. REPORTS Q3 FY2026 QUARTERLY RESULTS.
About this update from Amfil Technologies Inc.
[{"type":"text","content":"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 o...