Solid day for Element Nutritional Sciences ($ELMT.c $ELNSF), closing up 16% at $0.29!
ICYMI, $ELMT recently announced the preliminary Q1 2022 financial results:
• 521% increase in revenue to $2.0M - $2.3M expected in revenue
• Gross margin between 35% to 40%
• Reached over 16,000 points of distribution across North America
• Secured listings with recognized retailers including Publix and Sam's Club
• International recognition of licensed patent which gives products a distinctive competitive edge
This was a milestone quarter for $ELMT with a record revenue and growth rate attributed to $ELMT's significantly expanded distribution footprint. It is clear that $ELMT is well-positioned for continued growth and to execute on its innovative pipeline while making strategic moves into new markets.
https://financialpost.com/pmn/press-releases-pmn/business-wire-news-releases-pmn/element-nutritional-sciences-to-report-record-revenue-in-q1-2022