Cash positive started in 2016.....
Chingga Thursday, 03/16/17 05:36:00 PM
Re: None
Post # of 67942
The Achievements in 2016:
• Herborium’s revenue increased 18.3 % (by approximately $130,000) to approximately
$843,000 in sales, in comparison to 2015.
• The Company's gross profit increased to $530,000 in 2016, approximately $75,000 more
than 2015, which is a 16% increase.
• Operating income loss was eliminated and the Company went from a loss in 2015 to a
slight profit in 2016.
• The Company’s net loss for 2016 was decreased by 40% (from $87,000 in 2015 to
$54,000 in 2016.)
• The Company's Acne blog was ranked one of "The Best Skincare Blogs of 2016" by
Healthline for the SECOND COSECUTIVE YEAR.
• AcnEase® Facebook reached close to 67,000 likes.
• AcnEase® was featured TWICE as a unique acne treatment and beauty pick in
Cosmopolitan Magazine in France.
Outlook for 2017:
Herborium remains very optimistic about growing its business, sales and product awareness due
to the steady growth of the AcnEase® brand in the US and abroad, as well as new products
entering the market in 2017. This is the first year that Herborium has achieved a positive
operating income. The Company continues its efforts to increase market penetration in both
retail and wholesale sectors with the latest steadily gaining a more prominent role in the
Company’s growth. The Company also continues to decrease costs and retire debt. The
Company is still recognizing the expenses associated with developing and preparing the launch
of new products. Herborium will continue its growth and its search for partners and creative
financing opportunities to support this growth.
In 2016, the global nutraceutical market was valued at about $250 billion and it is expected to
reach around $385 billion by the year 2021. The United States nutraceutical market dominates
this growth, accounting for approximately 36%.
/s/ Dr. Agnes P. Olszewski _________________________
Dr. Agnes Olszewski
President & CEO
