Q2 2021 Results
- Generated revenue of $1.1 million in Q2 2021, an increase of 212%, with a gross margin of 22%
- Increased points of distribution for Rejuvenate™ to over 16,500, in addition to adding leading international e-commerce platforms
Element Nutritional Sciences Inc. (CSE:ELMT; FRANKFURT:93X) (the “Company” or “Element”), today reported its financial results for the second quarter ended June 30, 2021 (“Q2 2021”). All amounts are expressed in Canadian dollars.
“We made tremendous progress towards increasing our distribution channels in Q2 2021, with Rejuvenate™ now in over 16,5000 points of distribution across North America, in addition to international e-commerce platforms. Our efforts have paid off with revenue increasing over 200% year-over-year. Having secured shelf space with leading retailers and the two largest pharmacies in the United States, CVS and Walgreens, we have only begun to demonstrate our potential as we aim to now increase our velocity of sales, increase the number of SKUs our partners are carrying, and make strategic progress towards entering new markets including sports nutrition, orthopedics and oncology,” said Stuart Lowther, Chief Executive Officer.
https://www.businesswire.com/news/home/20210830005621/en/