Bullboard - Stock Discussion Forum Promino Nutritional Sciences Inc C.MUSL

Alternate Symbol(s): MUSLF

Promino Nutritional Sciences Inc., formerly Element Nutritional Sciences Inc., is a research-driven Canadian nutraceutical company. The Company is specializing in the development of science-based products for the global consumer packaged goods market, with a portfolio focused specifically on muscle health. The Company's lead product, Rejuvenate, is a formulation that is clinically proven to... see more

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Promino Nutritional Sciences Inc > Q1 Financial Results

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Post by SkywalkerofLuke on May 20, 2022 5:09pm

Q1 Financial Results

$ELMT.c $ELNSF up 16% today. They recently provided an update for their Q1 financial results.

Some highlights

- Expected to earn between $2M and $2.3M in rev. (record rev. with a year-over-year growth rate of 521%)

- Expects a gross margin for this period between 35% and 40%

- Secured partnerships with Sam’s Club, Publix - 3rd largest grocery retailer in US and Pattern Inc. - third largest global supplier to Amazon

- + more

Really seems like $ELMT has their foundation in place with their expansion across North America. CEO mentioned the plan heading forward will be to make strides into new and large consumer markets such as sports nutrition, orthopedics, etc. IMO one to watch.

https://www.businesswire.com/news/home/20220515005038/en/