Vitality Products (TSE:VPI) has released an update.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Vitality Products Inc. announced a 65% decrease in net loss for Q1 2024, maintaining sales and achieving a 72% gross margin, signaling progress towards profitability. Reductions in general selling expenses by 48% and administrative expenses by 22% reflect the company’s efforts in improving operational efficiencies. Management remains focused on expanding distribution and growing sales in Canada and the U.S., capitalizing on the strength of its natural health products.
For further insights into TSE:VPI stock, check out TipRanks’ Stock Analysis page.