good natured® Announces Quarterly Results for the Three and Six Months Ended June 30, 2020
August 27, 2020
3 minutes read
VANCOUVER, BC, Aug. 27, 2020 /CNW/ – good natured Products Inc. (the “Company” or “good natured®“) (TSXV: GDNP), today announced its financial results for the three months (“Q2 FY20”) and six months ended June 30, 2020 (“YTD”).
Good Natured Products Inc. Logo (CNW Group/Good Natured Products)
Revenues for Q2 FY20 increased 57% to $3,675,802 compared to $2,337,411 for the three months ended June 30, 2019. YTD revenues increased 53% to $6,727,889 compared to $4,393,425 for the six months ended June 30, 2019.
Gross profit for the three and six months ended June 30, 2020 was $1,628,529 and $2,736,769 respectively compared to $826,018 and $1,598,563 for the three and six months ended June 30, 2019, representing an increase of 97% and 71% compared to the three and six months ended June 30, 2019. As a percentage of sales, gross profit for the three and six months ended June 30, 2020 increased to 44.3% and 40.7% versus 35.3% and 36.4% for the three and six months ended June 30, 2019.
SG&A, excluding acquisition activity, for the three and six months ended June 30, 2020 was $1,569,967 and $2,864,738 compared to $1,090,054 and $2,085,237 for the three and six months ended June 30, 2019, representing an increase of 44% and 37% compared to the three and six months ended June 30, 2019.
The Company’s EBITDA, a non-GAAP measure, loss in the three and six months ended June 30, 2020 was $40,525 and $348,252 compared to $366,855 and $709,751 for the three and six months ended June 30, 2019, an improvement of 88% and 48% respectively.
In the three and six months ended June 30, 2020, the Company incurred a net loss of $1,514,286 and $2,320,611 compared to a net loss of $821,328 and $1,541,689 for the three and six months ended June 30, 2019.
investor.goodnaturedproducts.com” data-reactid=”37″>The good natured® corporate profile can be found at: investor.goodnaturedproducts.com
www.sedar.com.” data-reactid=”38″>The Company’s Q2 FY2020 interim financial statements and Management’s Discussion and Analysis (MD&A) are available on SEDAR at www.sedar.com.
North America’s widest assortments of better everyday products® made with the highest possible percentage of renewable, plant-based materials and no BPAs, phthalates or other chemicals of concern potentially harmful to human health and the environment.
