Breakdown | ||||
Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
---|---|---|---|---|
Income Statement | Total Revenue | |||
2.48M | ― | 2.95M | ― | ― | Gross Profit |
811.00K | ― | 1.44M | ― | ― | EBIT |
2.48M | ― | -4.23M | ― | ― | EBITDA |
-2.45M | ― | -4.23M | ― | ― | Net Income Common Stockholders |
-2.54M | ― | -4.25M | ― | -3.34M |
Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
31.00K | 172.00K | 1.52M | ― | ― | Total Assets |
709.00K | 936.00K | 3.03M | ― | ― | Total Debt |
162.00K | 362.00K | 37.00K | ― | ― | Net Debt |
131.00K | 190.00K | -1.48M | ― | ― | Total Liabilities |
1.37M | 1.11M | 954.00K | ― | ― | Stockholders Equity |
-658.00K | ― | 2.08M | ― | ― |
Cash Flow | Free Cash Flow | |||
-1.93M | -2.35M | -6.98M | ― | ― | Operating Cash Flow |
-1.93M | -2.35M | -6.97M | ― | ― | Investing Cash Flow |
0.00 | 0.00 | -4.00K | ― | -58.28K | Financing Cash Flow |
1.78M | 998.00K | 2.21M | ― | ― |
Nutritional Growth Solutions Ltd announced a proposed issue of securities, including convertible notes and options, to be listed on the ASX. This move is aimed at raising capital, potentially impacting the company’s financial flexibility and market positioning, while offering stakeholders new investment opportunities.
Nutritional Growth Solutions Ltd. has successfully secured A$1.0 million through a convertible note placement, with the funds aimed at supporting its retail expansion into prominent U.S. retailers such as CVS and Wakefern. This financial move, backed by sophisticated and professional investors, is expected to bolster the company’s growth strategy by providing necessary capital for inventory purchases, working capital, and corporate expenses, thereby strengthening its market position and operational capabilities.
Nutritional Growth Solutions Limited has appointed Mr. Manik Pujara as Interim CFO, effective immediately. Mr. Pujara, a Chartered Accountant with extensive expertise in corporate governance and financial strategy, will receive his compensation in equity as part of the company’s cost-saving initiatives. His appointment is expected to strengthen NGS’s financial position and support its growth objectives, with a focus on ensuring financial sustainability and maximizing stakeholder value. The company also acknowledges the contributions of outgoing CFO Mr. Rob Valerio, who will transition to a supportive role to ensure a smooth handover.
Nutritional Growth Solutions Ltd has released its corporate governance statement for the financial year ending December 31, 2024, which is now available on their website. The statement, approved by the board, outlines the company’s adherence to the ASX Corporate Governance Council’s principles and recommendations, reflecting its commitment to transparency and accountability in its operations.
Nutritional Growth Solutions Ltd. has released its consolidated financial statements, which include the independent auditors’ statement to shareholders, statements of financial position, comprehensive income, changes in shareholders’ equity, and cash flows. This release provides insights into the company’s financial health and performance, which could impact its operational strategies and stakeholder interests.
Nutritional Growth Solutions Ltd. has announced its expansion into Wakefern, a major grocery retailer in Northeast America, with the launch of four Healthy Heights® products across approximately 300 stores. This move is expected to generate potential annualized sales of USD 750,000 and enhance the brand’s visibility, serving as a catalyst for further retail expansion in the United States. Concurrently, the company is expanding its presence in Walmart by increasing distribution from 762 to 972 stores and adding a third product line, highlighting the growing momentum and consumer demand for Healthy Heights® in the US market.
Nutritional Growth Solutions Ltd announced the resignation of Peter Osborne from his position as a director, effective March 1, 2025. Osborne held 864,247 fully paid ordinary shares in the company. This change in the board may impact the company’s strategic direction and governance, potentially influencing stakeholders’ confidence and the company’s market positioning.
Nutritional Growth Solutions Ltd. reported a 17% decline in revenue for the year ending December 31, 2024, compared to the previous year, with total revenue amounting to US$2,481,000. Despite a reduction in losses from US$2,893,000 to US$2,544,000, the company did not propose any dividends for the period. The company undertook several capital raising initiatives, including a share placement and a reverse stock split, to bolster its financial position. These efforts are part of a broader strategy to enhance e-commerce sales, develop new sales channels, and invest in research and development, despite facing challenges such as increased shipping and raw material costs.
Nutritional Growth Solutions announced the appointment of Mr. Guy Khavia as the new Independent Chairman, succeeding Mr. Peter Osborne who is stepping down due to health reasons. Mr. Khavia, with extensive experience in financial and strategic leadership, aims to support the company’s growth strategies and potential strategic transactions, enhancing shareholder value and market positioning.