NuZee expands supply agreement with existing customer

NuZee announced an expanded relationship with one of its largest customers, received a forecast for shipments from the customer, and agreed to begin supplying additional products to the customer starting in Q1 and Q2 of FY24. Revenues from this customer for the first nine months of FY23 totaled approximately $427K. The non-binding forecast provided by the customer for 2024 would result in over $2M in incremental fiscal year gross revenue to NuZee, if achieved, including both existing and new products. The new products primarily include bagged coffee, which is currently being produced for this customer by other suppliers.