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Nutritional Growth Solutions Ltd. ( (AU:NGS) ) has issued an update.
Nutritional Growth Solutions Ltd. reported a 13% increase in revenue for Q3 FY25, reaching US$486k, driven by improved inventory and retail momentum. The company expanded its retail presence with Happy Tummies® now available in approximately 5,500 CVS stores and renewed Walmart placements, which now include three KidzProtein® SKUs. Despite elevated administrative costs, disciplined cost management led to reduced operating expenses. The company completed a share placement raising AU$760k to support its US retail rollout and maintain working capital, with cash reserves at US$169k at the quarter’s end. CEO Stephen Turner expressed optimism about the company’s progress towards profitability and commitment to long-term shareholder value.
More about Nutritional Growth Solutions Ltd.
Nutritional Growth Solutions Ltd. is a health, nutrition, and wellness company based in the United States. The company focuses on producing nutritional products, including the Happy Tummies® and KidzProtein® lines, aimed at enhancing children’s growth and health. Their market focus includes retail expansion in major outlets like CVS and Walmart.
Average Trading Volume: 393,080
Technical Sentiment Signal: Sell
Current Market Cap: A$4.28M
Find detailed analytics on NGS stock on TipRanks’ Stock Analysis page.