Significant Revenue Growth
Total revenues increased 39% year-over-year to $9.1 million, driven by sustained momentum in core VINIA capsules and the expanding success of the VINIA Inside product portfolio.
CDMO Business Expansion
CDMO revenue grew 722% to $0.7 million. A new partnership with Saffron Tech was secured to develop saffron-derived compounds, with BioHarvest retaining 25% ownership.
Successful Capital Raise
Completed a $19.9 million institutional equity financing, bringing total gross proceeds from recent efforts to $30.8 million, strengthening the balance sheet.
Gross Profit Margin Improvement
Gross profit increased 50% to $5.6 million, with gross margins rising to 61% due to increased manufacturing scale and improved yields.
VINIA BloodFlow Hydration Launch
Launched an early access rollout of VINIA BloodFlow Hydration, aimed at entering the $17 billion U.S. electrolyte hydration market.