earnings
confidence high
sentiment neutral
materiality 0.65
HCMC Q3 revenue $5.8M (+77% YoY); operating loss widens to $2.1M on non-recurring items
Healthier Choices Management Corp.
2022-Q3 EPS reported
$0.00
revenue$16,957,343
- Q3 net sales $5.8M, up 76.7% YoY from $3.3M; gross margin $1.9M, +35.7%.
- Operating loss $2.1M vs $1.0M loss YoY, includes ~$0.9M non-recurring expenses.
- Nine-month revenue record $17M (+67.5% YoY); gross margin $6.2M (+42.5%).
- Completed acquisition of Green's Natural Foods in October 2022; cash $30M at quarter-end.
- Q3 net loss from continuing ops $2.075M vs $1.05M; Adj. EBITDA loss $1.888M.