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Cosmos Health CEO Issues Letter to Shareholders: Building a Global Healthcare Powerhouse with $300M Digital Financing Facility, U.S. Manufacturing Expansion, and AI Innovation
Globenewswire· 2025-09-29 12:00
Core Insights - Cosmos Health Inc. is at a pivotal moment, having refined its strategy and operations to foster sustainable growth and long-term value creation [1][3] - The company aims to create a global healthcare platform integrating various sectors, including pharmaceuticals, nutraceuticals, and digital finance [4][5] - The ambition for 2030 is to transform into a global powerhouse by scaling branded products and leveraging AI and blockchain technologies [6][7] Vision & Ambition - The company has aligned all business units towards a common goal of making high-quality healthcare accessible globally [4][5] - Cosmos Health emphasizes resilience, creativity, and leadership in rapidly evolving industries [5] Milestones & Achievements - Significant progress has been made in financing, manufacturing capabilities, and innovation pipeline, including securing a $300 million financing facility [9][11] - The company has expanded its manufacturing footprint and strengthened its wholesale operations [10][18] Financial Performance & Outlook - In 2024, Cosmos Health reported revenues of approximately $54.43 million, a 2% increase from 2023, with a notable reduction in operating expenses [40][41] - The company aims for continued growth and profitability, targeting approximately $155.8 million in revenue by 2027 [48][44] Strategy & Roadmap - The growth strategy is built on six pillars, focusing on profitability, cash flow, and scaling high-margin businesses [46] - The company is committed to maintaining financial strength while pursuing innovation and global expansion [49][52] R&D and Innovation - Cosmos Health is advancing its proprietary obesity treatment, CCX0722, and expanding its R&D pipeline across multiple therapeutic areas [25][30] - The company utilizes its AI-enabled platform, Cloudscreen, to enhance drug discovery and accelerate innovation [26][50] Global Expansion - The flagship brand, Sky Premium Life, is expanding internationally, with over 150 premium products and strong demand across various regions [18][19] - The company has established a dual manufacturing hub in the U.S. and Europe to enhance supply chain resilience [18][22] Insider Commitment - The CEO has invested over $18 million of personal capital into the company, demonstrating a strong alignment of interests with shareholders [34][35] Sustainability Commitment - Cosmos Health is focused on balancing growth with social responsibility, emphasizing innovation, market development, and digital asset strategies [53][54]
Cosmos Health Expands Presence in the $7 Billion GCC Nutraceuticals Market, Signs Distribution Agreement with Scientific Pharmacy for Sky Premium Life in Oman, Including Initial Purchase Order of 42,000 Units
Globenewswire· 2025-09-11 12:00
Company Overview - Cosmos Health Inc. is a diversified, vertically integrated global healthcare group, incorporated in 2009 in Nevada, with a portfolio of proprietary pharmaceutical and nutraceutical brands [6] - The company manufactures pharmaceuticals, food supplements, cosmetics, biocides, and medical devices within the European Union through its subsidiary Cana Laboratories S.A., which is licensed under European Good Manufacturing Practices (GMP) [6] - Cosmos Health has established R&D partnerships targeting major health disorders and focuses on the R&D of novel patented nutraceuticals and innovative OTC products [6] Recent Developments - Cosmos Health's subsidiary, Sky Pharm SA, signed a distribution agreement with Scientific Pharmacy LLC for its Sky Premium Life food supplement products in Oman [1][3] - Scientific Pharmacy is a leading healthcare and beauty company in Oman, known for its strong customer focus and international brand partnerships [2] - The agreement includes an initial purchase order of 42,000 units, with Scientific Pharmacy managing all core activities related to the distribution and marketing of the products [3] Market Insights - The GCC nutraceuticals market was valued at $6.91 billion in 2024 and is projected to reach $15.5 billion by 2033, with a compound annual growth rate (CAGR) of 8.7% [4] - Growth in the nutraceuticals market is driven by rising health awareness, higher disposable incomes, government initiatives addressing lifestyle diseases, rapid urbanization, and the expansion of retail and e-commerce channels [4] Strategic Outlook - The CEO of Cosmos Health expressed excitement about the expansion into Oman, highlighting the potential for significant revenue generation supported by Scientific Pharmacy's established network [5] - The agreement is seen as a milestone that showcases the quality of Cosmos Health's products and the increasing global demand for the Sky Premium Life brand [5]
Cosmos Health Secures Follow-Up Order from Pharmalink for 80,000 Sky Premium Life Units in the UAE; Initial 130,000-unit Order Sold Out, Advancing 5-Year Goal of Over 3 Million Units
Globenewswire· 2025-05-07 18:30
Core Insights - Cosmos Health Inc. has received an additional purchase order for 80,000 units of its Sky Premium Life products from Pharmalink in the UAE, following a successful sell-out of an initial order of 130,000 units [1][2] - The company aims to exceed 3 million units in cumulative orders over the first five years, supported by its exclusive distribution agreement with Pharmalink [2] - CEO Greg Siok highlighted the strong momentum of Sky Premium Life nutraceuticals in the UAE, emphasizing the effectiveness of the partnership with Pharmalink [3] Company Overview - Cosmos Health Inc. is a diversified, vertically integrated global healthcare group, incorporated in 2009 in Nevada, owning proprietary pharmaceutical and nutraceutical brands [3] - The company manufactures and distributes healthcare products, including pharmaceuticals, food supplements, and medical devices, through its subsidiary Cana Laboratories S.A., which is licensed under European Good Manufacturing Practices [3] - Cosmos Health is expanding its global distribution platform throughout Europe, Asia, and North America, with established offices and distribution centers in Greece and the UK [3]
Cosmos Health Reports Full-Year 2024 Results: Revenue Increases 2% to $54.43 Million While Operating Expenses Decline 24.2% to $19.86 Million
Globenewswire· 2025-04-16 16:45
Core Insights - Cosmos Health Inc. reported a revenue increase of 2.0% to $54.43 million for FY 2024, driven by organic growth and contributions from prior acquisitions [5][12] - The company experienced a significant reduction in total operating expenses by 24.16% to $19.86 million, primarily due to cuts in general and administrative expenses and sales and marketing expenses [5][12] - Adjusted EBITDA was negative $3.73 million, a decline from positive $0.06 million in FY 2023, while adjusted net loss widened to $4.74 million from $0.81 million [5][12] Financial Performance - Revenue for FY 2024 was $54.43 million, up from $53.38 million in FY 2023 [5][12] - Gross margin decreased to 7.92% from 8.15% in FY 2023, attributed to a higher revenue mix from lower-margin logistics distribution [5] - Total operating expenses fell to $19.86 million from $26.18 million, with a 40.26% reduction in general and administrative expenses and a 71% decrease in sales and marketing expenses [5][12] Balance Sheet Overview - The liabilities-to-assets ratio was 55% at year-end 2024, indicating a balanced capital structure [3] - Total assets decreased by 17.72% to $54.31 million from $66.01 million at the end of 2023 [5][21] - Total liabilities slightly decreased by 0.64% to $29.78 million as of December 31, 2024 [5][21] R&D and Product Innovation - The company is leveraging AI-driven drug repurposing technologies and is advancing the commercialization of a proprietary weight loss drug [8] - Significant progress was made in securing long-term manufacturing agreements, enhancing revenue visibility [9] - The oncology portfolio was strengthened with the acquisition of two WIPO-patented anticancer drugs valued at over $24.5 million [11] Strategic Developments - The company expanded its nutraceutical brand, Sky Premium Life, with 60 new SKUs and launched the brand in Albania and Qatar [11] - A €2.2 million loan was secured against the CosmoFarm logistics center, providing strategic financial flexibility [10] - CEO Greg Siokas increased personal ownership by over 1 million shares, reflecting confidence in the company's long-term strategy [11]