Delota Reports Annual Audited Results for the Fourteen Months Ended March 31, 2025

Core Viewpoint - Delota Corp. reported strong financial performance for the fourteen months ended March 31, 2025, with significant revenue growth and strategic initiatives aimed at expanding its market presence and profitability [4][5]. Financial Highlights - Total revenue reached $46.5 million for the fourteen months ended March 31, 2025, representing an increase from $34.1 million for the twelve months ended January 31, 2024 [10]. - The company achieved a gross profit margin of 38% during the same period [6]. - Adjusted EBITDA was approximately $1.2 million, a significant improvement from a loss of $2.0 million in the previous year [10][14]. - Revenue segmentation included $36.4 million from B2C vape sales, $6.0 million from B2B vape sales, and $4.1 million from B2C cannabis sales [11]. Operational Developments - The customer base expanded to over 300,000 registered accounts across online and brick-and-mortar platforms [4][6]. - The company completed the early redemption of $900,000 in senior secured convertible debentures, enhancing its balance sheet [4][11]. - Delota entered into a licensing agreement with 180 Global to expand its retail presence in Eastern Canada [11]. Strategic Initiatives - The company is focused on optimizing its omni-channel strategy and pursuing strategic mergers and acquisitions to accelerate growth [4][15]. - Delota aims to strengthen its flagship brand, 180 Smoke Vape Store, and enhance its national e-commerce platform [15].