Yowie Group Ltd. (AU:YOW) has released an update.
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Yowie Group Ltd. announced a robust 17% increase in Q4 net sales to $3.14 million, propelled by strategic retail activations in North America and Australia, and a new licensing deal with the NBA. Despite these gains, the company faced a quarterly EBITDA loss of $1.32 million due to unexpected costs, but has successfully implemented substantial cost-saving measures and revamped its leadership team. Cash on hand remains solid at $1.58 million, with operational cash outflows significantly reduced from the previous year.
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