Yerbaé Reports Record Second Quarter 2023 Financial Results, Surpassing 2022 Full-Year Net Revenue by Q2 2023
Retrieved on:
Monday, August 28, 2023
Yerbaé Brands Corp. (TSXV: YERB.U) (“Yerbaé” or the “Company”), a plant-based energy beverage company, reported record revenue of US$4.1 million in net sales in Q2 2023, representing year-over-year (“YoY”) growth of 122% for the quarter.
Key Points:
- Yerbaé Brands Corp. (TSXV: YERB.U) (“Yerbaé” or the “Company”), a plant-based energy beverage company, reported record revenue of US$4.1 million in net sales in Q2 2023, representing year-over-year (“YoY”) growth of 122% for the quarter.
- With total net revenue of US$7.6 million after the first half of 2023, Yerbaé has already exceeded its full year net revenue in 2022.
- View the full release here: https://www.businesswire.com/news/home/20230828212776/en/
Gross margin as a percentage of net revenue improved to 56% in Q2 2023 vs 50% in Q1 2023. - “We are thrilled with the momentum in market response to Yerbaé ,” said Todd Gibson, co-founder and Chief Executive Officer of Yerbaé.