Bullboard - Stock Discussion Forum Promino Nutritional Sciences Inc. C.MUSL

Alternate Symbol(s): MUSLF

Promino Nutritional Sciences Inc., formerly Element Nutritional Sciences Inc., is a research-driven Canadian nutraceutical company. The Company is specializing in the development of science-based products for the global consumer packaged goods market, with a portfolio focused specifically on muscle health. The Company's lead product, Rejuvenate, is a formulation that is clinically proven to... see more

CSE:MUSL - Post Discussion

Promino Nutritional Sciences Inc. > Highlights from $ELMT's prelim Q1 financial results

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Post by waves1 on May 16, 2022 3:21pm

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