GDNP Announces Preliminary Unaudited Q1 2022 Results Preliminary revenue for Q1 2022 is anticipated at $24.0 million to $26.0 million, an increase of approximately 200% to 230%, compared to $7.9 million for the three months ended March 31, 2021 ("Q1 2021"). Variable gross margin, a non-GAAP measure1, for Q1 2022 is anticipated to be between 30% and 32% compared to 40.8% for Q1 2021. Gross margin is estimated between 24% and 26% for Q1 2022. The Company plans to release full Q1 2022 results in May 2022.
"Our strong upward momentum has continued in Q1 2022 with another quarter of healthy organic growth and contribution from strategic acquisitions," stated Paul Antoniadis, CEO of good natured®. "Our preliminary gross margin range also demonstrates improvement on a quarter-over-quarter basis, despite supply chain inflation that has persisted through the start of the year. Our good natured® team members and partners have continued to do an excellent job navigating macro-economic challenges to deliver strong operational results and maintain a high level of service quality to our expanding customer base. Market demand for sustainable products remains robust across all our segments, and we believe the outlook for ongoing growth is as strong as ever!"
Results seem good, nice to see margins going down. A year ago GDNP was trading at around $1.05 per share with Q1 2021 revenue being only 1/3 what it is today! Hopefully a turn around is near, but with the broader market issues and hate for small caps who knows.