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GURU Organic Energy Delivers Record Q3 2025 Results With Return to Profitability
Globenewswireยท 2025-09-11 11:00
Core Insights - GURU Organic Energy Corp. has successfully transitioned to a direct distribution model in Canada, resulting in increased flexibility, growth, and profitability [4][5][10] Financial Performance - Q3 2025 net revenue reached CAD 10.4 million, a 31.4% increase from CAD 7.9 million in Q3 2024 [3][12] - Gross profit for Q3 2025 was CAD 7.4 million, compared to CAD 3.5 million in Q3 2024, with a gross margin of 71.3% [3][13] - The company reported a net income of CAD 1.3 million in Q3 2025, a significant improvement from a net loss of CAD 2.2 million in Q3 2024 [3][14] - Year-to-date net loss decreased by 79% to CAD 1.4 million [7][14] Business Growth - Canadian sales grew by 35.0% to CAD 8.7 million in Q3 2025, driven by strong in-store activation and new product launches [5][12] - U.S. sales increased by 16.4% to CAD 1.8 million in Q3 2025, supported by online sales momentum, particularly on Amazon [6][12] - The company achieved record sales on Amazon in July, with Prime Day sales up 40% in Canada and 96% in the U.S. compared to 2024 [6][12] Operational Efficiency - SG&A expenses declined by 9.4% year-over-year to CAD 6.3 million, indicating improved cost management [13] - The supply chain maintained a 99.5% fill rate during the transition, showcasing operational discipline [8] Market Position and Outlook - GURU is positioned for sustained growth with the launch of new products and continued expansion in the U.S. market [9][10] - The company is entering the second half of the year with confidence, backed by a robust cash position of CAD 24.2 million and no debt [7][11]