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Nutritional Growth Solutions Ltd. ( (AU:NGS) ) has provided an announcement.
Nutritional Growth Solutions Ltd. reported a 5.9% decrease in Q4 FY24 revenue, attributed to reduced advertising effectiveness and lower online sales conversion rates. Despite these challenges, the company secured a renewal of its Walmart modular and is expanding its product offerings. It is targeting improved gross margins and sustained profitability in FY25, with new distribution agreements in Asia and plans for significant revenue growth. The company is focusing on cost control and aims for a positive operational cash flow by mid-2025.
More about Nutritional Growth Solutions Ltd.
Nutritional Growth Solutions Ltd. is a health, nutrition, and wellness company based in the United States. It focuses on products like KidzProtein® and is expanding its market presence internationally with distribution agreements in China and Vietnam.
YTD Price Performance: 0.0%
Average Trading Volume: 238,964
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$5.42M
See more insights into NGS stock on TipRanks’ Stock Analysis page.
