Delivra Health Brands Inc has announced positive first quarter fiscal 2024 adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $683,000, compared with negative adjusted EBITDA of $154,000 during the same period last year, driven by an increase in sales volume.
The health and wellness consumer packaged goods company's net revenue for the period, meanwhile, rose 112% year over year to $3,671,000, due mainly to an increase in sales of Dream Water in the US.
"Our commitment to Delivra Health shareholders to increase revenue has been achieved with a substantial increase in net revenue of 112% year over year and a strong margin of 52%," Delivra Health CEO Gord Davey said in a statement.
"Delivra will continue to invest in customer-specific programs and its e-commerce strategy, launching innovation products and improving distribution across several channels," he added.
Delivra’s goal is to help people take control of their health with alternative wellness solutions. The company’s portfolio features innovative brands like Dream Water and LivRelief, which deliver relief from common everyday issues like chronic pain, anxiety, and sleeplessness.
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