other material
confidence high
sentiment positive
materiality 0.85
BioLargo Q1 revenue up 78% QoQ; Pooph generates $27M D2C sales in 18 months
BIOLARGO, INC.
- Q1 revenue up 78% QoQ and 130% YoY; net cash flow near breakeven; net loss ~$400k (non-cash).
- Pooph, BioLargo's pet odor elimination product, generated $2.8M in 2022 and $3.1M in Q1 2023 for ONM Environmental.
- Pooph D2C sales reached $27M with 814,000 orders; 21% repeat customers; shipped over 1 million bottles.
- Management cautions Q2 revenue will be lower due to Walmart inventory stocking normalization.
- ONM Environmental expanding into automotive, wastewater, and other industrial odor/VOC markets.