Dietary Supplement Sales Growth
Dietary supplement revenue increased by 30.4% to $10.7 million, primarily driven by growth in the e-commerce channel.
Improved Gross Profit Margin
Gross profit margin increased by 280 basis points to 71.6%, primarily due to cost savings from vertical integration of the 503(B) manufacturing facility.
Decreased SG&A Expenses
Selling, general, and administrative expenses decreased by 12.2% to $24.2 million, partly due to the timing shift of the annual marketing event and headcount adjustments.
Increased Adjusted EBITDA
Adjusted EBITDA increased by 19.1% to $15.2 million, with an adjusted EBITDA margin of 31.1%.