Lifeist Wellness (TSE:LFST) has released an update.
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Lifeist Wellness Inc. reports a decrease in net revenue and gross profit in Q2 2024 compared to the previous year, with net revenue dropping from $7.7 million to $3.9 million and gross profit falling to $1.9 million. Despite this, the company has managed to reduce operating costs and is refocusing its strategy towards the broader wellness market, aiming to become a profitable nutraceutical company.
For further insights into TSE:LFST stock, check out TipRanks’ Stock Analysis page.
