NuZee Announces Expanded Customer Relationship With Potential $2M Of Incremental Annual Revenue And Entrance Into Bagged Coffee Market
Portfolio Pulse from Benzinga Newsdesk
NuZee, Inc. (NASDAQ:NUZE) has announced an expanded relationship with one of its largest customers, which could result in over $2 million in incremental annual revenue. The company will begin supplying additional products, including bagged coffee, to the customer starting in fiscal year 2024. This move is seen as a major step towards growing and diversifying NuZee's business.
September 26, 2023 | 1:09 pm
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POSITIVE IMPACT
NuZee's expanded customer relationship and entrance into the bagged coffee market could result in over $2 million in incremental annual revenue. This is a positive development for the company and could potentially boost its stock price in the short term.
The news of NuZee's expanded customer relationship and entrance into the bagged coffee market is directly related to the company's revenue growth. This could potentially attract more investors, driving up the demand for the company's stock and subsequently its price. However, the actual impact will depend on the company's ability to meet the forecasted shipment volumes and successfully penetrate the bagged coffee market.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100