Thorne HealthTech reports Q2 adjusted EPS 15c, consensus 6c

Reports Q2 revenue $72.7M, consensus $68.46M. “The Company delivered another strong financial performance in the second quarter, achieving record net sales and adjusted EBITDA,” said Paul Jacobson, Thorne HealthTech’s chairman and CEO. “Robust demand for our premium wellness offerings resulted in 33% sales growth, with favorable gross margin contributions from direct-to-consumer channel strength, pricing, product rationalization, and lower overhead. Looking ahead to the second half of the year, with our plant expansion on track, the core business is well positioned for continued momentum as we drive innovation into the product portfolio and increase brand awareness through our recently launched marketing campaign. As a result, we are raising the midpoints of our guidance ranges for sales and gross margin.”