Vitality Products (TSE:VPI) has released an update.
Vitality Products Inc. announced a 65% decrease in net loss for Q1 2024, maintaining sales and achieving a 72% gross margin, signaling progress towards profitability. Reductions in general selling expenses by 48% and administrative expenses by 22% reflect the company’s efforts in improving operational efficiencies. Management remains focused on expanding distribution and growing sales in Canada and the U.S., capitalizing on the strength of its natural health products.
For further insights into TSE:VPI stock, check out TipRanks’ Stock Analysis page.
