- good natured expects to report revenue for Q2 2021 in the range of $12.0 million to $12.4 million
- Reported revenue for H1 2021 is expected in the range of $19.9 million and $20.3 million
- Variable gross margin for Q2 2021 is expected to be between 31 and 34 per cent
- Variable gross margin for H1 2021 is expected to be between 34 and 37 per cent
- good natured Products Inc. offers the broadest assortment of eco-friendly options made from plants instead of petroleum
good natured Products (GDNP) has announced preliminary revenue and gross margin estimates for the three and six months ending June 30, 2021.
good natured expects to report revenue for Q2 2021 in the range of $12.0 million to $12.4 million, an increase of approximately 225 per cent to 240 per cent, compared to the fiscal quarter ended June 30, 2020.
Reported revenue for H1 2021 is expected in the range of $19.9 million and $20.3 million compared to $6.7 million for the six-month period ended June 30, 2020.
Variable gross margin, a non-GAAP measure, for Q2 2021 is expected to be reported between 31 and 34 per cent, compared to variable gross margin of 44.3 per cent for the fiscal quarter ended June 30, 2020. Variable gross margin for H1 2021 is expected to be reported between 34 and 37 per cent compared to 40.7 per cent for the six-month period ended June 30, 2020.
Gross margin for Q2 2021 is expected to be reported between 25 and 28 per cent and between 28 and 31 per cent for H1 2021.
The company plans to release full Q2 2021 results in August 2021.
“We are extremely pleased to report another very strong quarter of revenue growth, which included June revenues from our recent acquisition of Ex-Tech,” stated Paul Antoniadis, CEO of good natured.
“Our team and partners continue to execute on our strategic direction to provide our customers with North America’s leading assortment of plant-based products. The addition of new team members this quarter positions the company to support our ambitious growth plan that is centered on delivering robust revenue growth both organically and through acquisition. Our announcement regarding the capacity expansion at our IPF facility and the acquisition of Ex-Tech are both prime examples of execution on our growth plan and we remain very optimistic on the outlook.”
good natured offers the broadest assortment of eco-friendly options made from plants instead of petroleum.
Their goal is to make it easy and affordable for business owners and consumers to switch to products made from renewable materials and free from chemicals of concern.
good natured Products Inc. (GDNP) opened trading at C$1.09 per share.