Q1 2022 Financial Results (559% YoY Revenue Growth) $ELMT.C is having some consolidation because of the recent rate hike after a fantastic week due to the extremely impressive Q1 2022 financial results, which showed signs of high growth and improving margins. I'll list some of the highlights below.
- Revenue hit $2.3M in Q1 2022, an increase of 559% over Q1 2021, with a gross margin of 40%.
- Net income to $(1.0)M from $(1.5)M in Q1 2021.
- Raised gross proceeds of $3.5M.
- Partnerships with large retailers including Publix, Pattern, Sam’s Club, and Walgreens for their PROMINO and Rejuvenate products.
Check out the full article here: https://ca.finance.yahoo.com/news/element-nutritional-sciences-reports-q1-050000613.html
Furthermore, $ELMT.C announced that it had completed production trials for Rejuvenate Muscle Activator, which will be ready for distribution by Q3 this year. Rejuvenate Muscle Activator is a ready-to-drink beverage using $ELMT.C’s patented formulations and is proven to result in muscle protein synthesis of 57%, which is estimated to be 150% greater than the average whey-based protein powder.
Overall, $ELMT.C is heading toward the right direction. Their numerous partnerships and distribution agreements will only make it easier for the company to scale going into the future, as the products are already in thousands of locations. As they continue to innovate new products and improve their sales/margins, the current market cap of $34M is looking undervalued because of the high growth here. Definitely will be keeping an eye on these guys here.