Nutriband reports Q1 EPS (21c) vs. (13c) last year

Reports Q1 revenue $408,352 vs. $476,932 last year. The company said, “Nutriband reported Q1 revenues of $408,532 emphasizing its focus on expanding the company’s Kinesiology Tape manufacturing services through its Pocono Pharma subsidiary. The Company has been focused on using penetration pricing to gain a foothold with some of the industry’s largest brands and License holders such as KT Tape and Fit For Life Group, who hold licenses for major international brands such as Reebok, Adidas and New Balance. The Company further strengthened its balance sheet in Q1 through the completion of an $8.4M Private placement with existing and new shareholders at a price of $4 per share. The Cash position of the company as of April 30, 2024 was $8,347,739. Meanwhile in Q1, the Company has made further advancements in its development of AVERSA and it is maintaining a target of Q1 2025 for its NDA filing with the FDA. The Company recently updated shareholders about its development pathway for AVERSA Fentanyl reminding shareholders that its NDA will be primarily based on a single phase 1 Human Abuse Potential clinical study with no phase 2 or phase 3 clinical trials required prior to submission.”