From GlobeNewswire: 2024-06-13 07:00:00

GURU Organic Energy Corp. reported 19% net revenue growth to $15.1 million in the first six months of 2024, compared to $12.7 million in 2023. Q2 2024 net revenue was $8.0 million, up from $7.7 million in Q2 2023. Preliminary results show early success for Peach Mango Punch and Zero Wild Berry launches in Canada, with a 5.2% combined market share in leading grocery banners. US sales surged 143% to $2.7 million in Q2 2024, driven by wholesale club and Amazon sales. Gross profit increased to $8.2 million in the first six months of 2024. Net loss dropped to $4.5 million in 2024 from $5.3 million in 2023. GURU has a strong financial position with $38.2 million in liquidities and credit facilities. The company plans to expand its product line with the launch of three flavors of GURU Zero in the US in Q4 2024.



Read more at GlobeNewswire:: GURU Organic Energy Announces Second Quarter 2024 Financial