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MicroSalt plc ( (GB:SALT) ) has shared an update.
MicroSalt PLC reported its first full-year results since its admission to the AIM market, highlighting a transformative year with significant revenue growth driven by recurring bulk orders from major food and beverage companies across North America. The company launched a new product line, MicroSalt Premium, targeting the quick service restaurant market, which is expected to further boost sales. With a successful fundraising round and a strong pipeline of potential customers, MicroSalt anticipates a 300% increase in revenue for 2025, positioning itself as a key player in the low-sodium market.
More about MicroSalt plc
MicroSalt PLC is a leading manufacturer in the food industry, producing a patented full-flavour, low-sodium salt that contains approximately 50% less sodium than traditional salt. The company targets both food manufacturers and consumers, aiming to address the global demand for healthier alternatives to traditional salt due to its micron-sized particles that deliver the same saltiness with reduced sodium content. Established in 2018, MicroSalt leverages a patent-protected technology to maintain high barriers to entry in the reduced-sodium salt market.
Average Trading Volume: 41,293
Technical Sentiment Signal: Strong Sell
For detailed information about SALT stock, go to TipRanks’ Stock Analysis page.