TULSA, Okla., Oct. 02, 2024 (GLOBE NEWSWIRE) -- Ladybug Resource Group, Inc. (OTC PINK: LBRG), also known as Ladybug NutraTech, reported revenues of $6.0 million USD for the six months ending June 30, 2024, reflecting an impressive increase of approximately $2.8 million USD compared to total revenues generated in 2023.
Ladybug Resource Group's strategic initiatives for 2024, operating under the brand name Ladybug NutraTech, include the acquisition of profitable websites, expansion of product lines, and growth of the customer base. These initiatives are clearly reflected in the Company’s Q1 and Q2 revenue results. The development and optimization of e-commerce platforms have driven significant revenue growth, resulting in an approximately 84% increase compared to total revenues in 2023. This consistent upward trend highlights Ladybug Resource Group's robust market position and growth potential, setting the stage for ongoing success in the nutraceutical industry.
Tamara Maxfield, a key figure in the Company, shared her excitement about the platform's recent advancements. She emphasized the positive trajectory of the company's growth, stating, "Our company is heading in the right direction. We are committed to pursuing our growth objectives while maintaining a prudent approach to risk management. Our primary focus remains on ensuring the company's long-term sustainability and delivering substantial value to our shareholders." Tamara’s comments reflect a balanced and forward-thinking strategy, underlining the company's dedication to steady growth, cautious decision-making, and a deep commitment to its investors' interests.
https://www.globenewswire.com/en/news-release/2024/10/02/2956923/0/en/Ladybug-Surpasses-6-Million-in-Revenue-for-First-Half-of-Year.html