Bubs Australia Ltd. (AU:BUB) has released an update.
Bubs Australia Ltd. reported a substantial improvement in their FY24 financial results, with total revenue surging by 33% to $79.7m and a notable reduction in statutory net loss by 81% to $(20.9)m. The company saw remarkable growth in the U.S. and China markets, up by 46% and 27% respectively, and announced a positive outlook with an expected revenue growth of 28% for FY25. Bubs’ strategic initiatives have positioned it as a leading brand in goat milk products, while also successfully raising capital for further investment in growth.
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