Strong Revenue Growth
Net sales grew 20% year-over-year to $12 million in Q2, driven by a 47% surge in the wholesale channel, which now makes up nearly half of total net sales.
E-commerce and Wholesale Performance
E-commerce sales increased by 2% year-over-year, contributing 52% of total sales, with strong performance on Amazon. Wholesale channel accounted for 48% of total net sales.
Product Category Growth
Coffee creamers saw a 44% growth and made up 56% of gross sales in Q2. Coffee, tea, and hot chocolate products also grew by 44%.
Positive Adjusted EBITDA
Achieved positive adjusted EBITDA of nearly $150,000 this quarter, a significant improvement from the previous year's slight loss.
Solid Balance Sheet
The company ended the quarter with $4.2 million in cash and no debt, despite strategic inventory investments to support demand.
Innovation and Expansion Plans
Plans for new product innovations including a protein-based coffee product and a transition to an optimized liquid creamer formula.