![]() ![]() Investors should not consider non-GAAP financial measures in isolation or as substitutes for performance measures calculated in accordance with GAAP. Non-GAAP financial measures may not be indicative of the historical operating results of the Company, nor are they intended to be predictive of potential future financial results. Non-GAAP financial measures should be viewed as supplemental to, and should not be considered as alternative to, net income, operating income, and cash flow from operating activities, liquidity, or any other financial measures. A non-GAAP financial measure is a numerical measure of a company’s performance, financial position, or cash flows that either excludes or includes amounts that are not normally included or excluded in the most directly comparable measure calculated and presented in accordance with generally accepted accounting principles (GAAP). The following discussion and analysis contain a non-GAAP financial measure. TOTAL LIABILITIES, CONVERTIBLE STOCK, AND STOCKHOLDERS’ EQUITY TOTAL CONVERTIBLE STOCKS AND STOCKHOLDERS’ EQUITY It should be noted that over $1.3 million in non-recurring expenses were incurred during the nine-month period ended September 30, 2023. Gross margin from operations increased by approximately $8.5 million for the nine-month period ended September 30, 2023, amounting to a record $14.6 million, compared to $6.2 million for the same period in 2022, a 137% year-over-year increase.Īdjusted EBITDA (Loss) for the nine-month period ended September 30, 2023, amounted to approximately ($5.1) million versus ($4.2) million for the same period last year. Net sales from operations for the nine-month period ended September 30, 2023, amounted to a record $39.8 million, compared to $17.0 million, an approximately $22.9 million increase and a record 135% increase versus the same period in 2022. Nine-Months 2023 Results and Recent Highlights It should be noted that over $0.5 million in non-recurring expenses were incurred during the three-month period ended September 30, 2023. ![]() ![]() Gross margin from operations increased by approximately $2.8 million for the three-month period ended September 30, 2023, amounting to $4.6 million, compared to $1.9 million for the same period in 2022, a 149% year-over-year increase.Īdjusted EBITDA (Loss) for the three-month period ended September 30, 2023, amounted to approximately ($1.9) million which was flat versus for the same period last year. Net sales from operations for the three-month period ended September 30, 2023, amounted to $12.7 million, compared to $5.8 million, an approximately $6.9 million and 120% increase versus the same period in 2022. Third Quarter 2023 Results and Recent Highlights: (OTC Pink: HCMC) today announced its financial results for the third quarter ended September 30, 2023. 14, 2023 (GLOBE NEWSWIRE) - Healthier Choices Management Corp. Record Gross Margin of $4.6 million for the Quarter 149% Year-Over-Year Growth Record Sales of $12.7 million for the Third Quarter 120% Year-Over-Year Growth ![]()
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