VANCOUVER, British Columbia, July 02, 2024 (GLOBE NEWSWIRE) -- Blender Bites Limited (the "Company", "Blender Bites" or "Blender"), (CSE: BITE, FWB: JL4, WKN: A3DMEJ), announces its unaudited financial results for the three months and six months ended April 30, 2024. All dollar figures are stated in Canadian dollars, unless otherwise indicated. Financial Highlights for the Three Months Ended April 30, 2024: Revenue Growth: Total revenues increased to $1,468,321, up from $217,461 in the comparable period last year, marking an increase of $1,250,860 or 575%. Gross Margin Improvement: The gross margin rose to $411,186, compared to $12,249 for the same period last year, an increase of 3,257%. Expense Reduction: Total expenses were $960,426, down from $2,208,544 in the comparable period, a reduction of $1,248,118 or 56%, including non-cash depreciation expenses of $2,311. Loss Reduction: Comprehensive loss decreased to $475,764, compared to $2,193,131 for the same period last year, reducing the loss by $1,717,367 or 78%. Financial Highlights for the Six Months Ended April 30, 2024 Revenue Growth: Total revenues increased to $2,041,989, up from $656,771 in the comparable period last year, marking an increase of $1,385,218 or 211%. Gross Margin Improvement: The gross margin rose to $554,595, compared to $138,206 for the same period last year, an increase of 301%. Expense Reduction: Total expenses were $1,723,842, down from $2,805,286 in the comparable period, a reduction of $1,081,444 or 39%, including non-cash depreciation expenses of $4,442 and a recovery of ($352,403) for share-based compensation. Loss Reduction: Comprehensive loss decreased to $1,095,771, compared to $2,663,916 for the same period last year, reducing the loss by $1,568,145 or 59%. The net loss includes a net $308,625 of non-cash expenditure recoveries. Outlook for 2024: On April 18, 2024, the ...