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Boomer Holdings, Inc. (OTCQB: BOMH) has reported a decline in demand for its Boomer Naturals facemasks due to the CDC's recent changes in mask guidelines, leading to a significant impact on anticipated revenue. Despite selling over 16 million masks last year, the company forecasts lower sales moving forward. Boomer is launching new product lines to offset lost mask revenue, though it's uncertain if these will suffice. The company has also filed a Form 15-12G for reporting under OTC's Alternate Reporting Standard and will release earnings for the period ending April 30th in mid-June.
Boomer Holdings, Inc. (OTCQB: BOMH) announced a significant turnaround in its financial performance for the six-month transition period ending January 31, 2021. The company reported revenue of $45.1 million, up from $11.4 million the previous year, and net income of $7.3 million, a remarkable improvement from a net loss of $15.6 million. Gross margins stood at 64%, and stockholder deficit reduced to $(4.7) million. The company plans to expand its product lines, including unique nutritional formulations and silver-infused products, as it transitions from PPE demand.
Boomer Holdings (OTCQB: BOMH) announced a shareholder update reflecting strong operational performance with record Q1 results. For the quarter ending October 31, 2020, the company reported revenues of $28.8 million and operating profits of $7.9 million. The updated fiscal year revenue forecast ranges between $90.5 million and $115.5 million, driven by e-commerce growth, projected to reach $66.4 million by January 2022. A new proprietary marketplace, boomerstore.com, will enhance customer access to various wellness products.
Boomer Naturals (OTC: BOMH) announced a business update call scheduled for January 25, 2021, at 4:30 PM Eastern Time. Investors can join by calling (877) 705-6003 in the U.S. or (201) 493-6725 internationally. A replay will be available until February 8, 2021. The call will also be streamed live on BoomerNaturals.com and archived for 30 days. Boomer Naturals, a subsidiary of Boomer Holdings, offers health and wellness products, focusing on Healthy Living and Personal Protection Equipment, including bestselling face coverings.
Boomer Naturals (OTC: BOMH) announced that CEO Michael Quaid will present at the 23rd Annual ICR Conference, set to take place virtually from January 11-14, 2021. His presentation is scheduled for January 11 at 10:30 am Eastern Time. Shareholders and interested parties can access the live webcast on the company's investor relations webpage. Boomer Naturals offers wellness products that enhance well-being, including Boomer Botanics and PPE items like the top-selling face coverings. For more details, visit BoomerNaturals.com.
Boomer Holdings, through its subsidiary Boomer Naturals, has successfully uplisted from the OTC Pink Sheets to the OTCQB Venture Market (OTCQB: BOMH). This uplisting is expected to enhance visibility and liquidity, benefiting investor access. The company reported $28.8 million in revenue for Q1 2021, aligning with expectations, and projects full-year revenues between $100 million and $115 million, with net income of $25 million to $35 million. Boomer Naturals has also established distribution partnerships, enhancing its product reach in the Personal Protective Equipment market.
Boomer Naturals (OTC: BOMH) reported significant growth for the fiscal first quarter of 2021, achieving record revenue of $28.8 million, up from $174,144 in Q1 2020. The gross margin improved to 68%, leading to an operating income of $7.9 million compared to an operating loss of $1.4 million in the previous year. The company benefitted from its expansion into the Personal Protective Equipment (PPE) category and new distribution partnerships, including Core-Mark. For fiscal 2021, Boomer expects revenues between $100 million and $115 million, with net income projected between $25 million and $35 million.
Boomer Naturals (OTC: BOMH) will participate in the Lytham Partners Virtual Investor Growth Conference on October 6, 2020, at 11:00 a.m. ET. A webcast of the event will be available on their website and at webcaster4.com. Additionally, management will hold one-on-one meetings, which can be arranged by contacting Lytham Partners. Boomer Naturals focuses on wellness products, including its flagship Boomer Botanics, and offers PPE, with the best-selling Nano-Silver masks.
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