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Healthy Extracts Inc. (OTCQB: HYEX) is a prominent company in the nutraceutical industry, focusing on the acquisition, development, patenting, marketing, and distribution of plant-based nutraceuticals. The company operates through its subsidiaries, BergametNA™ and Ultimate Brain Nutrients™ (UBN), to offer natural heart and brain health supplements. These include formulations such as Citrus Bergamot SuperFruit™, known for its high concentrations of polyphenols and flavonoids, which support heart health and metabolism.
Recently, Healthy Extracts has been in the spotlight due to its collaboration with renowned fitness expert Whitney Johns. Her line of nutritional supplements, developed in partnership with the company, includes products like BRAIN ACTIVATE™, ACTIVE™, WOMEN'S CITRUS BERGAMOT™, and WOMEN'S HORMONE SUPPORT™. These products have received significant attention, particularly after Whitney’s notable victory in Kingpyn’s High Stakes Boxing Tournament. The event, which was widely viewed, helped boost brand visibility and sales.
Financially, Healthy Extracts has shown robust growth. For example, net revenue in the first quarter of 2024 increased by 12% to $689,000, driven by the expansion of distribution channels and subscription-based revenue. The company's gross margin also improved significantly due to enhanced manufacturing efficiencies. In 2023, the company recorded a 10% increase in net revenue to $2.5 million.
The company is also expanding its product line with innovative solutions. For instance, the recent launch of LONGEVITY Anti-Aging™, a proprietary blend focusing on arterial flexibility and anti-aging, complements the company's heart health portfolio. They are also preparing to launch new on-the-go gel packs for gut health, collagen, and sugar blockers in 2024.
Healthy Extracts is preparing for a significant corporate milestone—a planned uplist to the NYSE American. This move aims to increase the company's visibility and provide greater liquidity for its shareholders. The company has already initiated a 1-for-120 reverse stock split to meet listing requirements.
Through strategic acquisitions and organic growth, Healthy Extracts continues to broaden its market presence, leveraging its proprietary and patented formulations backed by independent research. For more information, visit healthyextractsinc.com, bergametna.com, and tryubn.com.
Healthy Extracts Inc. (OTCQB:HYEX) anticipates record third quarter 2024 results, with net revenue expected to exceed $740,000, up over 20% year-over-year. The company projects a gross margin exceeding 80%, driving positive operating cash flow and net profitability. Healthy Extracts achieved record sales on Amazon in July, ranking as a top three seller of Citrus Bergamot among more than 100 competitors. The company replaced its traditional buy-2-get-1 offers with a 20% discount for monthly subscription shipments, aiming to increase sales, margins, and customer lifetime value. Healthy Extracts anticipates continued growth in top-line revenue, profitability, and market share expansion, driven by planned new product launches in Q4 2024.
Healthy Extracts (OTCQB:HYEX) announced preliminary results for Q2 2024, projecting record net revenue exceeding $900,000, marking a 30% increase from the previous quarter and over 50% compared to Q2 2023. The company also expects a gross margin above 53%, leading to positive operating cash flow and its third consecutive quarter of net profitability, excluding non-core and non-cash expenses. The growth is attributed to substantial direct-to-consumer and wholesale revenue. Additionally, Healthy Extracts paid down more than $100,000 in debt and improved its cash position, forecasting a third cash flow-positive quarter with over $140,000. The company aims to leverage its market channels to launch new products and expand revenue streams throughout the year, enhancing shareholder value.
Healthy Extracts (OTCQB:HYEX) reported first-quarter 2024 financial results. Net revenue rose 12% to $689,000, driven by distribution expansion and subscription revenue growth. Gross margin increased to 59.3% from 45.2%, thanks to improved manufacturing efficiency. The company achieved a positive cash flow of $68,000 for the second consecutive quarter.
Net loss was $861,000 or $(0.30) per share, primarily due to interest expenses and stock-based compensation. Excluding non-core costs, the net income was $2,500. Subscription growth was strong, with Amazon 'Subscribe & Save' customers up 81% and direct-to-consumer subscriptions up 28% year-over-year.
The company plans to launch new products in the latter half of 2024, including anti-aging and sugar blocker gel packs. Healthy Extracts aims for continued growth and profitability in upcoming quarters.
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