Starco Brands Q3 revenue $17.7M, net income $2.3M; projects FY23 revenue $66-77M

Starco Brands, Inc.

2023-Q3 EPS reported -$0.01 revenue$46,326,117

Q3 reported net revenue $17.7M (up from $1.7M in Q3 2022); net income $2.3M vs loss of $150K.
Gross profit $8.3M, margin 47%; Adjusted EBITDA $1.4M vs loss of $0.6M in prior year.
Nine-month net revenue $46.3M (up from $3.8M); net loss $5.4M vs income of $33K in 2022.
Projects FY23 revenue $66-77M (746-887% growth) and Adjusted EBITDA $7-9M (10-12% of revenue).
Segment nine-month revenues: Starco Brands $11.3M, Skylar $7.4M, Soylent $27.6M.

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