Healthier Choices Mgmt Corp (HCMC)

[StayHumble]

YearSales $29M|GrossProfit $10M|Q4Sales $12M|GrossProfit $4M

Jeffrey H. CEO,"We added $16M in revenue,120% increase in net sales. Gross profit improved 93% resulting in roughly a $5 million increase.”

Mr. Holman concluded, “As we enter 2023, we believe we have a strong game plan and a clear vision for our team to execute on. We are well-positioned to take advantage of investment opportunities across our business lines in 2023, with strong liquidity levels. The team remains disciplined in our cost management, while enhancing our ability to deliver exceptional results for our shareholders."


Fiscal Year End 2022 Results and Recent Highlights:
-Net sales from operations for the 12-month period ended 12/31/22, amounted to a record $29.3 million, compared to $13.3 million,
an approx. $16.0 million increase and a record 120% increase versus the same period in 2021.

-Gross Profit from Operations increased by approximately $4.9 million for the 12-month period ended 12/31/22, amounting to a record
$10.2 million, compared to $5.3 million for the same period in 2021, a 93% year-over-year increase.

-Net Loss from Continuing Operations for the 12-month period ended 12/31/22, amounted to approximately $7.2 million versus a $4.0 million loss for the same period last year, a 79% deterioration in profitability.
It should be noted that over $3.0 million in non-recurring charges were incurred during the 12-month period ended 12/31/22.
The balance of the prior year variance is primarily attributable to the closure of the retail stores in the vapor segment.”

https://www.healthiercmc.com/news/20230403-q4-2022-result