Bullboard - Stock Discussion Forum Else Nutrition Holdings Inc T.BABY.WT.A

Primary Symbol: T.BABY Alternate Symbol(s): BABYF

Else Nutrition Holdings Inc is an Israel-based company active in field of food manufacturing. The Company focuses on research, development, manufacturing, marketing and sale of innovative plant-based food and nutrition products and also maintain feeding accessories products to infants and dried food snacks.

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TSX:BABY - Post Discussion

Else Nutrition Holdings Inc > Sales are way down and one should stay away from this POS

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Post by DDGuy3040 on May 15, 2024 9:33am

Sales are way down and one should stay away from this POS

2024 First Quarter Financial Results

All figures are in CAD unless otherwise indicated.

 -- Revenue for Q1 2024 decreased approximately 27% to $2.1 million compared to $2.9 million for the same period last year. This decrease was primarily due to delays in shipments of products to retailers. -- Operating expenses for Q1 2024 decreased 15% to $4.2 million compared to $4.9 million in Q1 2023. -- Cash balance as of March 31, 2024, was $3.1 million (including restricted cash and short term bank deposits).

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