The Healing Company Achieves Revenue of $8.9 Million for Fiscal 2023 and Positive Adjusted EBITDA for Chopra and Your Super
NEW YORK, NY, Oct. 23, 2023 (GLOBE NEWSWIRE) -- The Healing Company Inc. (OTC: HLCO) today provided a business update and reported financial results for the fiscal year ended June 30, 2023.
- Chopra achieves three-fold sequential increase in revenue for the fiscal 2023 fourth quarter, and Your Super achieves positive adjusted EBITDA1 in fiscal 2023 for the first time in company history
Collectively, The Healing Company portfolio served nearly half a million people this year, advancing its mission to bring integrated healing to the world
NEW YORK, NY, Oct. 23, 2023 (GLOBE NEWSWIRE) -- The Healing Company Inc. (OTC: HLCO) today provided a business update and reported financial results for the fiscal year ended June 30, 2023. - The Healing Company posted revenue of $8.9 million for fiscal 2023, and sequential revenue for the fiscal 2023 fourth quarter increased by 5% to $3.3 million compared to the third quarter of fiscal 2023.
- Operating expenses were reduced by 11% for the fiscal 2023 fourth quarter compared to the third quarter of fiscal 2023, and annualized operating expenses were further reduced by nearly $1.8 million in August 2023.
- “We are pleased to report that we achieved record revenue and positive adjusted EBITDA1 in each segment, excluding one-time, non-recurring expenses, driven by prudent investment, disciplined growth, and reduced operating expenses,” said Simon Belsham, CEO and Co-Founder of The Healing Company.