Increase in Total Revenue
Total revenue increased by 4.7% compared to the same period in 2024, reaching $49 million.
Improvement in Gross Profit Margin
Gross profit margin increased by 300 basis points to 74.3% due to the vertical integration of the 503B manufacturing facility.
Strong Performance in Dietary Supplements
Dietary supplement revenue increased by 25.5% to $9.3 million, primarily driven by growth in the e-commerce channel.
Increased Cash and Cash Equivalents
Cash and cash equivalents were $41.7 million as of March 31, 2025, up from $39.3 million as of December 31, 2024.