TAAT - Top 6 Most Viewed
TAAT Lifestyle & Wellness Ltd. (CSE: TAAT, Forum) recently released
its financial results for the three months ended July 31, 2021.
Working in the tobacco-free and nicotine-free alternative market, Chief Executive Officer Setti Coscarella commented on the results.
“Our growth has accelerated this quarter as we continued to build the popularity of TAAT among smokers aged 21+. We have undertaken aggressive strategies to market TAAT in this consumer segment in order to sustain and grow interest in the United States by continuing to add stores to expand our sales pipeline. Establishing a reputable and well-known brand comes with the long-term benefit of laying the groundwork to introduce TAAT to new global markets.” Key financial highlights: - Gross revenue grew to an all-time high of $1,305,358 in Q3 2021, an increase of 1,956% from the same period in the prior year, and an increase of 88.77% from the previous quarter
- Gross profit for Q3 2021 was $781,226 with a gross profit margin of 59.84%, an increase from the gross profit margin of 52.58% in the previous quarter
- TAAT Common Shares remained part of the CSE Composite Index and its CSE25 subset of the 25 largest companies by market capitalization
- $10,174,001 in working capital