Glow Lifetech Reports 196% YoY Revenue Growth and Improved Cash Flow in Q2 2025, Sets Stage for Continued Momentum in H2

Core Insights - Glow Lifetech Corp. reported a significant 196% year-over-year revenue growth in Q2 2025, indicating strong commercial momentum and progress towards sustainable profitability [1][2][5] Financial Highlights - Net revenue reached $436,325, a 196% increase from $147,205 in Q2 2024 [5] - Gross profit was $293,141, reflecting a 182% increase compared to $103,983 in Q2 2024 [5] - Gross margin improved to 67%, showing sustained operational efficiency [5] - Cash used in operating activities decreased to $31,153 from $119,486 in Q2 2024, indicating progress towards cash flow breakeven [5] - EBITDA loss narrowed to $166,896, an improvement of 25% from $221,547 in Q2 2024 [5] - Cash balance stood at $1,059,855 with a working capital surplus of $1,411,355, improving over $3.0 million from a deficit of $1,722,397 in Q2 2024 [5] - Current ratio improved to 2.24x from 0.30x in Q2 2024, reflecting enhanced financial strength [5] Commercial Highlights - Glow expanded its market presence to over 1,000 retail cannabis stores in Ontario, capturing approximately 60% of the province's licensed cannabis retailers [5] - The company commissioned a new automated bottling line to triple production capacity, supporting the growth of the MOD™ portfolio [5] - Glow's MOD™ brand advanced to the 2 oils brand in Ontario, with MOD™ THC 1000 as the 2 ranked SKU in its category [5] - Two new CBN-based SKUs were launched, which are among the brand's strongest-performing launches to date [5] Strategic Outlook - The company enters H2 2025 with continued commercial momentum and a strong foundation for scalable growth [6] - With expanded production capacity and growing penetration into major retailers, Glow is well-positioned to translate topline growth into improved profitability [6] - Early Q3 momentum reflects the scalability of Glow's model, setting the stage for meaningful progress towards profitability [6]