HVT - Delivra Health Brands releases Q3 financial number showing positive adjusted EBITDA
(NewsDirect)
Delivra Health Brands CEO Gord Daveyjoined Steve Darling from Proactive to announce the financial andoperating results for the three and nine months ended March 31, 2024.The company reported a total net revenue from continued operations of$8,792, reflecting a 36% increase compared to the same period lastyear, driven by higher sales of Dream Water in the US and Canada,along with increased sales of LivRelief.
Additionally, Daveytold Proactive, Delivra saw a healthy rise in its gross profit margin,reaching 52%, up from 44% in the same period last year. Thisimprovement contributed to positive Adjusted EBITDA, attributed tomanagement's focus on customer mix, gross profit marginenhancement, and efficient administrative and selling supportfunctions.
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