Globe & Mail 08:09 AM EDT, 04/13/2021 (MT Newswires) -- Good Natured Products (GDNP.V) reported revenue for Q1 2021 is expected to be approximately $8.0 million, a 160% increase, compared to $3.05 million for the fiscal quarter ended March 31, 2020. Gross margins for Q1 2021 are expected to range between 36% and 38% compared to 36.3% for last year.
The company plans to release full Q1 2021 results in May 2021.
"Our strong revenue growth performance was driven by our strategic acquisitions completed in 2020, Shepherd Thermoforming and IPF, while gross margin benefitted from product and customer revenue mix for the quarter," said CEO Paul Antoniadis. "Despite disruptions in key markets from COVID-19 variants and extreme weather-related events in the southern US, our team and partners executed extremely well. We remain very optimistic on our organic growth prospects and acquisition opportunities."
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