Harvest One (TSX-V:HVT, OTCQB:HRVOF) CEO Gord Davey told Proactive the company is confident it will soon reach a positive cashflow and underlying earnings (EBITDA) position after a strong third quarter.
The company increased revenue by more than 15% and improved its gross profit margin to 39% from 37% in the comparable quarter last year.
Gordon telling Proactive that the results continue to demonstrate Harvest One's steady progress in its financial objective of growing sales and margins, while simultaneously reducing operating and overhead expenses.