Elixinol Wellness Ltd (AU:EXL) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Elixinol Wellness Ltd has reported its strongest quarter in four years, with customer receipts surpassing $4.1 million, marking a 77% increase in revenue from a year ago. The company’s Australian sales doubled, driven by grocery channel performance and eCommerce growth, while Elixinol USA posted its third consecutive quarter of positive EBITDA. The acquisition of The Healthy Chef is set to enhance revenue and operational efficiency, aligning with the company’s strategic growth initiatives.
For further insights into AU:EXL stock, check out TipRanks’ Stock Analysis page.
