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. > Reflecting on Q1 2022 financial results

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Post by waves1 on Jun 13, 2022 6:01pm

Reflecting on Q1 2022 financial results

Reflecting on Element Nutritional Sciences' ($ELMT.c $ELNSF) Q1 2022 financial results with today's rough market.

Main highlights:

Revenue of $2.3M, up 559% from $0.3M in Q1 2021
Increased gross margin to 40% in Q1 2022
Expanded distribution footprint & entered US grocery channel for both Rejuvenate and JAKTRX
Received global patent for their clinically proven amino acid formulation, extending IP protection beyond the US into foreign markets

The results were a significant milestone for $ELMT and set them up to continue on this growth trajectory going forward, especially given the recent completion of production trials for Rejuvenate as it's expected to increase $ELMT's profitability by 15-20%.

https://www.businesswire.com/news/home/20220530005440/en/Element-Nutritional-Sciences-Reports-Q1-2022-Financial-Performance

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