Simply Better Brands Q1 Revenue Grows 103% YoY, Provides Outlook
Portfolio Pulse from Vuk Zdinjak
Simply Better Brands Corp. reported Q1 2023 revenue of $24.6 million, a 103% YoY increase. Gross profit rose 74% to $13.9 million, while net loss improved by $500,000 to $2.7 million. The company expects 2023 net sales to exceed $80 million and achieve positive adjusted EBITDA of $3-4 million.
May 31, 2023 | 3:13 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Simply Better Brands reports strong Q1 2023 results with 103% YoY revenue growth and improved net loss. Positive outlook for 2023 with net sales expected to exceed $80 million.
The strong Q1 2023 results and positive outlook for 2023 indicate that Simply Better Brands is experiencing significant growth and improving financial performance. This is likely to have a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Simply Better Brands reports strong Q1 2023 results with 103% YoY revenue growth and improved net loss. Positive outlook for 2023 with net sales expected to exceed $80 million.
The strong Q1 2023 results and positive outlook for 2023 indicate that Simply Better Brands is experiencing significant growth and improving financial performance. This is likely to have a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100