Good Natured Products Inc (TSE:GDNP) has released an update.
Good Natured Products Inc. reported a revenue decrease to $18.6 million in Q4 2023, down from $23.3 million in the same period the previous year, marking a 20% year-over-year decline. Despite challenging market conditions, including aggressive competitiveness and a shift in consumer spending, the company achieved a positive adjusted EBITDA for the ninth consecutive quarter and is actively transforming into a lower operating cost structure to enhance profitability.
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