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Elixinol Wellness ( (AU:EXL) ) just unveiled an announcement.
Elixinol Wellness reported a Q3 revenue of $3.8 million, maintaining its previous year’s performance due to strategic portfolio rationalization. The company achieved a 300 basis point increase in gross margin, driven by e-commerce and core brands, and is implementing cost-reduction measures to enhance operational efficiency. A capital raise of $2.5 million is supporting growth and margin initiatives, with Hemp Foods Australia experiencing its strongest quarter and The Healthy Chef anticipating a rebound in Q4.
More about Elixinol Wellness
Elixinol Wellness operates in the wellness industry, focusing on hemp-based food products and health supplements. The company is known for its brands Hemp Foods Australia and The Healthy Chef, catering to consumers seeking natural and health-oriented products.
YTD Price Performance: -63.16%
Average Trading Volume: 380,244
Technical Sentiment Signal: Sell
Current Market Cap: A$3.88M
Find detailed analytics on EXL stock on TipRanks’ Stock Analysis page.