60 Degrees Pharmaceuticals Awarded Contract With U.S. Army To Validate New ARAKODA Packaging; Q1 2024 ARAKODA Sales Revenue Up 515% YoY To $105.7K; Increased Commercial Batch Size In Anticipation Of Higher Sales Volume
Portfolio Pulse from Benzinga Newsdesk
60 Degrees Pharmaceuticals has been awarded a contract with the U.S. Army to validate new packaging for ARAKODA. The company reported a 515% year-over-year increase in Q1 2024 ARAKODA sales revenue, reaching $105.7K, and has increased its commercial batch size in anticipation of higher sales volume.
July 25, 2024 | 1:04 pm
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60 Degrees Pharmaceuticals (SXTP) has secured a contract with the U.S. Army to validate new packaging for ARAKODA. The company reported a significant 515% increase in Q1 2024 ARAKODA sales revenue and has increased its commercial batch size in anticipation of higher sales volume.
The contract with the U.S. Army and the significant increase in sales revenue are positive indicators for SXTP. The increased commercial batch size suggests the company is preparing for higher demand, which could lead to further revenue growth.
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