Nutritional Growth Solutions Ltd. ( (AU:NGS) ) has issued an update.
Nutritional Growth Solutions Ltd. reported a 17% decline in revenue for the year ending December 31, 2024, compared to the previous year, with total revenue amounting to US$2,481,000. Despite a reduction in losses from US$2,893,000 to US$2,544,000, the company did not propose any dividends for the period. The company undertook several capital raising initiatives, including a share placement and a reverse stock split, to bolster its financial position. These efforts are part of a broader strategy to enhance e-commerce sales, develop new sales channels, and invest in research and development, despite facing challenges such as increased shipping and raw material costs.
More about Nutritional Growth Solutions Ltd.
Nutritional Growth Solutions Ltd. operates in the nutritional supplement industry, focusing on products designed to support growth in children. The company is headquartered in Israel with a subsidiary in the United States and prepares its financial statements in US dollars according to IFRS standards.
YTD Price Performance: -25.00%
Average Trading Volume: 198,218
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$4.06M
See more data about NGS stock on TipRanks’ Stock Analysis page.