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They'll most likely reverse split. But, right now it seems like he is trying to convince the shareholders to give him the ability to do so. I don't think he can do it on his own.
Really, the shareholders should deny it and make him do what he should have a long time ago. Oh well.
They'll most likely reverse split. But, right now it seems like he is trying to convince the shareholders to give him the ability to do so. I don't think he can do it on his own.
Really, the shareholders should deny it and make him do what he should have a long time ago. Oh well.
COSM: Admiral Subs, Orion Fleet Commander!! (SORRY for my belated replies here, but off today behind family matters; but MONSTER THANKS!! Will still toss bucks at some of your picks today, when they lock-in for launch or set-back.)
Cosmos Health Introduces Guidance; Expects to Achieve Over $180M in Gross Annual Revenue and EBITDA in Excess of $20M by 2026; Recaps Significant Events Reported So Far in 2023
Company reaches major strategic inflection point, with operations and revenue ramp-up underway
Inaugural 2026 guidance introduced; target to achieve:More than $180 million in gross annual revenueEBITDA in excess of $20 million
So far in 2023, among other achievements:Completed three acquisitionsMade notable progress in R&DNutraceutical brands "Sky Premium Life" and "Mediterranation" experiencing significant market success, expanding into new sales channels and geographies
Maintains a robust balance sheet with negligible debt and a strong, diversified asset base
Actively exploring initiatives to enhance shareholder value
CHICAGO, IL / ACCESSWIRE / September 12, 2023 / Cosmos Health Inc. ("Cosmos Health" or the "Company'') (NASDAQ:COSM), a diversified, vertically integrated global healthcare group engaged in innovative R&D, owner of proprietary nutraceutical brands, manufacturer and distributor of healthcare products, and operator of a telehealth platform, today announced its inaugural 2026 revenue and EBITDA guidance and released a recap of the Company's significant activities and events reported so far in 2023.
Greg Siokas, Chief Executive Officer of Cosmos Health, stated: "We are pleased to announce guidance based on our long-term outlook to achieve substantial growth and profitability. By the end of 2026, our goal is to achieve two significant milestones: surpassing $180 million in gross annual revenue and attaining profitability, with EBITDA expected to exceed $20 million. This projection has been carefully formulated, taking into account several factors. Notably, we have a clear view of our existing logistics distribution businesses, which consistently generate stable cash flows. Additionally, revenue is expected to be augmented by bolt-on acquisitions, which would expand our distribution network, leading to growth in accretive cash flows. Furthermore, strategic acquisitions such as Cana will play a pivotal role, enabling us to vertically integrate and enter into contract manufacturing, as well as broaden our production capabilities to medicines. Our high-margin nutraceutical brands are also expected to contribute significantly to this growth. It's important to mention that our projections do not include the potential upside from any future R&D products or various tech projects, including ZipDoctor. We have taken a conservative approach to our estimates, aiming to be realistic and practical. As we progress, we will keep our shareholders updated on our developments and achievements.
Moreover, throughout this year, we have accomplished numerous important milestones, and I thought it would be helpful to recap all significant activities and events for our existing valued shareholders, as well as those considering joining us. I want to assure our shareholders that every action we take aligns with their best interests. While certain endeavors require time and patience, the rewards are undoubtedly worthwhile. If I had to pick one word to characterize 2023 so far, it would be "execution". Among others, we've closed three acquisitions, with more in the pipeline, completed the second phase of our innovative product for obesity and weight management, with clinical trials scheduled to commence in Q4 2023, and expanded our nutraceutical brands. Simultaneously, we have maintained a robust balance sheet with negligible debt and a strong, diversified asset base.
Building on this momentum, our strategic plan exhibits an ambitious and focused approach. We are striking a balance between growth and sustainability by concentrating on synergies, operational efficiencies, vertical integration, R&D, expansion of our brands, and growing our distribution network and facilities globally."
Click on the links below to read the entire press release, organized in sections:
Acquisitions:
Cosmos Health Successfully Completes Acquisition of Cana Laboratories; Anticipates to Record a Substantial Gain on Bargain Purchase
Cosmos Health Successfully Closes Acquisition of Assets from I. Bikas GP; Annual Revenue Projected to Grow by over $10 Million
Cosmos Health Inc. Enters into a Definitive Agreement to Acquire ZipDoctor, Inc., a Telehealth Company, from American International Holdings Corp.
Cosmos Health Advances Its Strategic Plan; Acquires Distressed Property Housing Operations of CosmoFarm, Expected to Generate Substantial Value for Shareholders
Research & Development:
Cosmos Health Successfully Completes Second Phase of CCX0722 Development, an Innovative Product for Obesity and Weight Management: Significant Step in Bringing Product to the Multi-Billion-Dollar Market
Organic Growth & Branded Nutraceuticals:
Cosmos Health Continues to Expand Mediterranation Brand, Welcomes Eleonas and Olympus Mons; Boosts Exports and Secures Purchase Orders, Including from Leading Multinational Health Food Chain
Cosmos Health Launches Chios Island, the Latest Addition to Its Mediterranation Premium Line of Supplements
Cosmos Health Expands Premium Nutritional Supplements Line Mediterranation with the Launch of Terra Creta
Cosmos Health Announces Initial Purchase Order with Virax Biolabs for the Distribution of COVID-19 and Influenza A+B Antigen Combo Rapid Tests
Financial:
Cosmos Health Provides an Update on its Debt Balance and Proforma Interest Expense
Cosmos Health Ends 2022 with Transformed Balance Sheet and Achieves Positive Adjusted EBITDA for the Fiscal Year 2022
Cosmos Health Reports First Quarter 2023 Financial Results; Delivers Positive Adjusted EBITDA and Significant Increase in Adjusted Net Income
Cosmos Health Provides Update on Recent Developments, Maintains Strong Financial Position, Reaffirms Commitment to Growth, and Highlights CEO's Continued Investment Now Exceeds $15 Million
Cosmos Health Reports Q2 2023 Financial Results; Adjusted Net Income Increases by 3550% to Surpass $3 Million for H1 2023 vs $(0.09) Million H1 2022; Book Value per Share Exceeds $4.04
Other Business and Company Updates:
Cosmos Health Appoints Big 4 Accounting Firm KPMG as Auditor
Cosmos Health set to join Russell Microcap Index
Cosmos Health Regains Nasdaq Minimum Bid Price Compliance
Cosmos Health Announces Stock Buyback Program
Cosmos Health Inc. to Participate in The Economist Annual New York-Eastern Mediterranean Business Summit on July 10th, 2023, with CEO Mr. Greg Siokas Delivering a Speech
About Cosmos Health Inc.
Cosmos Health Inc. (Nasdaq:COSM), incorporated in 2009 and headquartered in Chicago, Illinois, is a diversified, vertically integrated global healthcare group. The Company owns a portfolio of proprietary products, including nutraceuticals and food supplements under the brands "Sky Premium Life" and "Mediterranation." Through its subsidiary Cana Laboratories S.A., licensed under European Good Manufacturing Practices (GMP) and certified by the European Medicines Agency, it manufactures pharmaceuticals, food supplements, cosmetics, biocides, and medical devices within the European Union. Cosmos Health also distributes a broad line of pharmaceuticals and parapharmaceuticals, including branded generics and OTC medications, to retail pharmacies and wholesale distributors through its subsidiaries in Greece and the UK. Furthermore, the Company has established R&D partnerships targeting major health disorders such as obesity, diabetes, and cancer, and focuses on the R&D of novel patented nutraceuticals, specialized root extracts, proprietary complex generics, and innovative OTC products. Cosmos Health has also entered the telehealth space through the acquisition of ZipDoctor, Inc., based in Texas, USA. With a global distribution platform, the Company is currently expanding throughout Europe, Asia, and North America, and has offices and distribution centers in Thessaloniki and Athens, Greece, and in Harlow, UK. More information is available at www.cosmoshealthinc.com, www.skypremiumlife.com, www.cana.gr, and www.zipdoctor.co.
Forward-Looking Statements
With the exception of the historical information contained in this news release, the matters described herein, may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements preceded by, followed by, or that otherwise, include the words "believes," "expects," "anticipates," "intends," "projects," "estimates," "plans" and similar expressions or future or conditional verbs such as "will," "should," "would," "may" and "could", are generally forward-looking in nature and not historical facts, although not all forward-looking statements include the foregoing. These statements, involve unknown risks and uncertainties that may individually or materially impact the matters discussed, herein for a variety of reasons that are outside the control of the Company, including, but not limited to, the Company's ability to raise sufficient financing to implement its business plan, the impact of the COVID-19 pandemic and the wa
Nice this morning,new ground at 1.63
Greg doesn't give a flying shit. If he did they would have done buyback, not an offering. RS inbound
Itll go lower. That is why Greg is panicking
Sry..
Where you be??
Oops! I just bought more... because I can. I now own an even 50k shares at an average of $2.17 and ready for a flip. I never thought I'd have that amount in this ticker but opportunity has arrived.
Sarcasm is difficult to recognize when you're posting...
Duh
Can't recognize basher sarcasm? SMH, not that I even care.
I've noticed a lot of BS history of leaving ihub, then back the next day. You're a hubber for life, perfect fit.
You realize that ihub post history is a real thing, right..
This was posted at $5.20
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171150806
Or this at $5.00
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170922337
$1.17 to 1.50 was guaranteed here, no hope needed.
Thanks for caring though
HOPEIUM??
>>>Go $COSM
$COSM pic.twitter.com/sL4hLUHXY9
— Carjockey2 (@cocomoco1234567) August 23, 2023
Gone missing???
Sorry for your losses...
Oops! I just bought more... because I can. I now own an even 50k shares at an average of $2.17 and ready for a flip. I never thought I'd have that amount in this ticker but opportunity has arrived.
It must be difficult to have your I hub account on alert for anybody that posts something about me...lol
Hey, enjoy your weekend. I am, clearly you're not..
Just sarcasm my friend. That poster is bashing this ticker bad reason. Glty
Go $COSM
Hmmm clearly the bottom was in 1.12/1.14
Patience will pay
You're getting worse than him!!!
SMFH
Wow.. no need for cursing..
You posted this to no one... LMAO
>>What causes people to talk to themselves, mental illness or 85 plus years old?>>
So clearly you wanted an answer..I am going with mental illness..
Duh
You do realize this was one of the Dumber posts from you, seeing as you posted it to nobody...
Quite sure you're not over 85 so I'm going to say mental illness in your case.
I'm not sure what's your excuse???
What causes people to talk to themselves, mental illness or 85 plus years old?
Oh right.. this company has a POS CEO!!!
What's wrong here??
$COSM should have blown Sky High with these numbers????????
https://www.accesswire.com/774238/Cosmos-Health-Reports-Q2-2023-Financial-Results-Adjusted-Net-Income-Increases-by-3550-to-Surpass-3-Million-for-H1-2023-vs-009-Million-H1-2022-Book-Value-per-Share-Exceeds-404
What's wrong here?????
Definition of Karma
kar·ma
/'kärm?/
noun
(in Hinduism and Buddhism) the sum of a person's actions in this and previous states of existence, viewed as deciding their fate in future existences.
"a buddha is believed to have completely purified his karma"
INFORMAL
destiny or fate, following as effect from cause.
"there's something highly satisfying when karma strikes"
I'm getting concerned about you buddy???
Being down 60k isn't the end of the world.. a huge freaking ouchie but not the end of the world come back and visit us will you!!!!
>>>Oops! I just bought more... because I can. I now own an even 50k shares at an average of $2.17 and ready for a flip. I never thought I'd have that amount in this ticker but opportunity has arrived...>>>
Good luck friend!!!
Haha. $2.17 seems so high from here, but wouldn't be surprised to see $2 short term.
Definitely. The price doesn't match the crime :)
COSM
Well it's a heck of a lot better than this self-proclaimed great Trader..
Who conveniently has gone missing
>>>Oops! I just bought more... because I can. I now own an even 50k shares at an average of $2.17 and ready for a flip. I never thought I'd have that amount in this ticker but opportunity has arrived.
Lol..
That's what everybody thought a few days ago.. who knows with the CEO, but from a chart standpoint, I guess it's a good entry..
...
We're driving alongside each other today. lol. I'm in at $1.16. Wow, is that the basement for COSM ?!?!?!
Hi!!!!
>>>>Oops! I just bought more... because I can. I now own an even 50k shares at an average of $2.17 and ready for a flip. I never thought I'd have that amount in this ticker but opportunity has arrived.>>>>
He will, like the other I mention to you give 6 months you will be all right & happy,
getting close to making my avg...
CEO needs to gain shareholders' trust again after that miserable offering...
Hope it works out for you. Good luck!!!
I was wandering if i was the only one on this monster!!!!
Yes still having fun!!! im happy here just i said but i was talking abt BHD!!!!!!
Just pic the wrong board at the moment...
I was wandering if i was the only one on this monster!!!!
Yes still having fun!!!
Honestly, nobody's even on this site anymore it doesn't matter...
That's impossible..lol
When I've been doing this for 6 months straight then maybe....
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