Kidpik Corporation (PIK) stock had a significant increase in the current market after announcing the release date for its Q4 and fiscal 2021 results. PIK’s stock price is $5.04, representing an increase of more than 18 percent over yesterday’s closing price. At the end of the most recent trading session, PIK stock had reached $4.26. According to the most recent available data, PIK stock traded 9.19 million shares in the previous trading session. The company’s current market capitalization is approximately $32.45 million.
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PIK: FY2021 Results Date
Kidpik Corp. (PIK) announced in a press release that its management would hold a webcast call to announce its fourth quarter and fiscal 2021 results. Kidpik Corp. (PIK) management will hold a webcast call on Thursday, March 31, 2022. The time of the webcast call will be 4.30 p.m. Eastern Time or Pacific Time 1.30 p.m.
PIK: Q3 Highlights
- Kidpik Corp.’s Q3 revenue was $5.57 million gaining 20% Y-o-Y.
- Its net loss was $1.19 million or a 21% decline in profitability.
- Loss per share was $0.22, improving by 15%.
- Its net profit margin was around 21.34%.
- If we look at the balance sheet, it had cash and cash equivalents of $204.88K as of Q3 2021.
PIK: Recent Partnership with Disney
Kidpik Corp. (PIK) made a statement on their partnership with Disney in the upcoming film Cheaper by the Dozen, which will be released later this year. Walt Disney Pictures plans to distribute the film, which stars Zach Braff and Gabrielle Union, releasing this year. On March 18, 2022, the film had its world premiere exclusively on Disney+.
A Disney partnership with Kidpik was announced only recently, and the company’s stock soared and increased by 100 percent in value when the news was released. This was a massive development as its stock raised to highs after a decline. Investors are looking forward to positive fiscal 2021 results.