Vitality Products (TSE:VPI) has released an update.
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Vitality Products Inc. reports a promising financial outlook with a significant 39% reduction in net loss and a robust 75% gross margin on product sales for Q2 2024, despite a 12% decrease in sales due to product stock outs. The company also achieved cost savings by cutting general selling expenses by 57% and administrative expenses by 13%, indicating improved operating efficiencies as they expand in Canada and the United States.
For further insights into TSE:VPI stock, check out TipRanks’ Stock Analysis page.