Revenue Growth
Revenue rose 41% year-over-year to $8.5 million, in line with guidance, driven by performance across vinia.com, Amazon, and CDMO services.
Gross Margin Expansion
Gross margins expanded by 800 basis points to 60%, up from 52% in the same year-ago quarter, driven by larger bioreactors, enhanced manufacturing yields, and digitization of workflows.
VINIA Product Success
Total active VINIA customers in the U.S. reached approximately 65,000, with Amazon sales accounting for 20% of total sales. VINIA is the #1 resveratrol-only product sold on Amazon in the U.S.
CDMO Milestones
Successfully completed Stage 1 of a CDMO research contract, advancing to Stage 2 with a pharmaceutical partner. Signed a new contract targeting a fragrance molecule.
New Product Launches
Launched VINIA Daily 2X Formula chews and expanded VINIA Inside delivery systems with new SuperFood Tea SKUs. Preparing to launch VINIA Blood Flow Hydration Solution in October.
Health Pros' Affiliate Program
Announced the launch of the VINIA Health Pros' Professional Affiliate program to activate health practitioners and influencers, aiming for significant subscriber growth.