Highlights from $ELMT's prelim Q1 financial results Solid update from Element Nutritional Sciences ($ELMT.c $ELNSF) today, highlighting the preliminary financial results for Q1 of 2022 and recent operational milestones!
Highlights:
- 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
With a record revenue and 521%YoY growth rate attributed to $ELMT's significantly expanded distribution footprint, this was a milestone quarter for $ELMT.
The complete financial results will be reported later this month but it is clear that $ELMT is well-positioned for continued growth in the North American market, to execute on its innovative pipeline, and make strategic strides into new and large consumer markets.
https://vancouversun.com/pmn/press-releases-pmn/business-wire-news-releases-pmn/element-nutritional-sciences-to-report-record-revenue-in-q1-2022