Strong U.S. Market Performance
The U.S. market saw a 62% year-over-year growth and record-breaking online performance, particularly on Amazon.
Increase in Gross Profit and Margin
Gross profit increased by 8.4% to $16.7 million, with gross margin improving to 55.3%.
Successful Product Innovation
The launch of GURU Zero, a sugar-free line, was well-received, contributing to growth and expansion in key markets.
Leadership and Governance Strengthened
New independent board members and executive appointments were made to enhance marketing and sales strategies.
Reduced Net Loss
Net loss reduced by 21.3% to $9.4 million in fiscal 2024.
Strong Financial Position
Maintained a strong financial position with $25.5 million in cash and no debt.