Ladybug Resource Group Reports Revenue Spike Ending Q1-2024

Rhea-AI Summary

Ladybug Resource Group, Inc. (LBRG) reports a significant financial milestone with Q1 revenue exceeding $2.1 million, representing over 50% of its total revenue for 2023. The company's growth is attributed to strategic initiatives, including e-commerce acquisitions, showcasing strong financial stability and growth prospects for 2024.

Positive

• Q1 revenue surpasses $2.1 million, exceeding 50% of 2023 revenue
• Strategic initiatives, like e-commerce acquisitions, contribute to growth
• CEO credits success to proactive approach and team dedication
• Company's strong financial stability and growth trajectory highlighted
• Diversification and capitalization on digital market trends drive revenue

Negative

• None.

TULSA, Okla., April 09, 2024 (GLOBE NEWSWIRE) -- In a significant financial update, Ladybug Resource Group, Inc. (OTC PINK: LBRG), has made a substantial financial stride with its Q1 revenue surpassing $2.1 million, which remarkably exceeds over 50% of its entire revenue for 2023. This achievement reflects the company's strong growth trajectory and financial stability. 

Tamara Maxfield, the CEO of Growhouse, a key division within Ladybug Resource Group, attributed this success to strategic initiatives, particularly focusing on integrating recent e-commerce acquisitions. These efforts underline the company's commitment to achieving its revenue goals for 2024.

Tamara Maxfield stated “Ladybug's proactive approach in adapting to market demands and expanding its e-commerce sector through acquisitions has been instrumental in its first-quarter success. By diversifying its portfolio and capitalizing on digital market trends, the company has unlocked new avenues for revenue generation. This achievement underscores the effectiveness of its leadership, strategic vision, and the dedication of its team.”

As Ladybug Resource Group continues to advance in 2024, it serves as a notable example of corporate growth and adaptation in a rapidly evolving business landscape.

Stay informed with the latest news by visiting https://ladybugnutratech.com or following our social media channels. @ladybugnutratech

About Ladybug Resource Group Inc.

Ladybug Resource Group Inc., operating under Ladybug NutraTech, is making great strides to be a leading player in the health and wellness e-commerce sector. With innovative strategies, diverse product offerings, and a commitment to customer and shareholder satisfaction, the company remains at the forefront of its industry.

For further information, please contact:

Ladybug Resource Group Inc.
1408 S. Denver Avenue, Tulsa, OK 74119
info@ladybuglbrg.com
+1 918-727-7137
www.ladybugnutratech.com

Renmark Financial Communications Inc.
Bettina Filippone: bfilippone@renmarkfinancial.com
Tel.: (416) 644-2020 or (212) 812-7680
www.renmarkfinancial.com

Safe Harbor for Forward-Looking Statements: 

This news release contains forward-looking statements which are not statements of historical fact. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties, and other factors involved with forward-looking information could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include but are not limited to changes in general economic and financial market conditions. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

FAQ

What is Ladybug Resource Group, Inc.'s (LBRG) Q1 revenue for 2024?

Ladybug Resource Group, Inc. (LBRG) reported Q1 revenue exceeding $2.1 million.

What contributed to Ladybug Resource Group, Inc.'s (LBRG) growth in Q1?

Strategic initiatives, including e-commerce acquisitions, played a significant role in the company's growth.

Who is the CEO of Growhouse, a key division within Ladybug Resource Group, Inc. (LBRG)?

Tamara Maxfield is the CEO of Growhouse, a key division within Ladybug Resource Group, Inc. (LBRG).

How does Ladybug Resource Group, Inc. (LBRG) plan to achieve its revenue goals for 2024?

Ladybug Resource Group, Inc. (LBRG) aims to achieve its revenue goals for 2024 through diversifying its portfolio and capitalizing on digital market trends.

Where can I find the latest news about Ladybug Resource Group, Inc. (LBRG)?

Stay informed with the latest news by visiting https://ladybugnutratech.com or following their social media channels @ladybugnutratech.