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GURU Organic Energy Corp ( (TSE:GURU) ) has shared an announcement.
GURU Organic Energy Corp announced its fiscal 2024 results, showing a 3.3% increase in net revenue to $30.2 million and an 8.4% rise in gross profit to $16.7 million, driven by improved margins and significant U.S. market growth of 61.6%. The company reduced its net loss by 21.3% to $9.4 million, highlighting effective cost management and operational efficiencies. GURU maintained a solid financial position with $25.5 million in cash, $10 million in unused credit facilities, and no debt. The company also enhanced consumer engagement by sampling a large number of units at various events, boosting brand awareness and collecting customer feedback.
More about GURU Organic Energy Corp
GURU Organic Energy Corp, based in Montréal, Québec, is a leading Canadian brand in the organic energy drink industry. The company focuses on providing organic energy drinks and has a strong market presence in both Canada and the United States.
YTD Price Performance: 19.54%
Average Trading Volume: 2,986
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $32.59M
See more data about GURU stock on TipRanks’ Stock Analysis page.