$HYEX Healthy Extracts Expects 2024 Net Revenue Up 24%, Driving Positive Cash Flow
https://www.accesswire.com/968138/healthy-ext...-cash-flow
Results Driven by 80% Growth in Subscription-Based Recurring Revenue, Strengthening Customer Retention and Lifetime Value (LTV)
LAS VEGAS, NV / ACCESSWIRE / January 14, 2025 / Healthy Extracts Inc. (OTCQB:HYEX), an innovative platform for acquiring, developing, patenting, marketing and distributing plant-based nutraceuticals, expects to report record results for the year ended December 31, 2024.
For full year 2024, net revenue is expected to exceed a record $3.1 million, up 24% year-over-year. Combined with strong margin performance, the revenue growth is expected to drive positive operating cash flow for the year.
"Our anticipated record-breaking revenue and profits for the year reflects strong performance across our direct-to-consumer channels and our strengthening momentum with key retail partners," commented Healthy Extracts president, Duke Pitts.
"We believe our focus on customer retention, product quality and innovation, and strategic customer engagement continues to set us apart from the competition," added Pitts. "We have also been effective in leveraging our expertise to dominate key sales channels, like Amazon, where we see the potential to generate millions in additional annual sales with each new product launch."
Healthy Extracts' record Amazon sales in 2024 was demonstrated by its top three ranking in its category, and this resulting from its optimized sales and marketing efforts.
The company's successful "Subscribe & Save" program for both Amazon and direct-to-consumer sales boosted its recurring revenue stream, up 80% year-over-year, while strengthening customer retention and lifetime value (LTV).
2025 Outlook
"As we begin the new year, we are looking forward to building upon our success in 2024 with the launch of a new series of groundbreaking products," continued Pitts. "Targeting for release during the first quarter, these new products will be specifically formulated for new high-growth categories."
These anticipated new products include a groundbreaking on-the-go hydration product; an easy-to-consume sugar blocker; and a revolutionary heart health formulation targeting the more than 40 million statin users in the U.S.
The hydration and sugar blocker represent new category entries for the company, while the new heart health product is expected to expand this most successful category for the company to new levels.
All of these products will tap the company's well-established customer base, while attracting new audiences and creating significant cross-selling opportunities.
"We enter 2025 with solid cash flow, manageable debt, and a highly favorable capitalization structure," said Pitts. "This strong position supports our outlook for another year of record growth. We also see our M&A opportunities further strengthening our positive outlook and enhancing our ability to deliver greater shareholder value."
The preliminary unaudited results provided in this press release are estimates only and subject to change without notice until the company officially reports its audited annual results in March.
https://www.accesswire.com/968138/healthy-ext...-cash-flow
Results Driven by 80% Growth in Subscription-Based Recurring Revenue, Strengthening Customer Retention and Lifetime Value (LTV)
LAS VEGAS, NV / ACCESSWIRE / January 14, 2025 / Healthy Extracts Inc. (OTCQB:HYEX), an innovative platform for acquiring, developing, patenting, marketing and distributing plant-based nutraceuticals, expects to report record results for the year ended December 31, 2024.
For full year 2024, net revenue is expected to exceed a record $3.1 million, up 24% year-over-year. Combined with strong margin performance, the revenue growth is expected to drive positive operating cash flow for the year.
"Our anticipated record-breaking revenue and profits for the year reflects strong performance across our direct-to-consumer channels and our strengthening momentum with key retail partners," commented Healthy Extracts president, Duke Pitts.
"We believe our focus on customer retention, product quality and innovation, and strategic customer engagement continues to set us apart from the competition," added Pitts. "We have also been effective in leveraging our expertise to dominate key sales channels, like Amazon, where we see the potential to generate millions in additional annual sales with each new product launch."
Healthy Extracts' record Amazon sales in 2024 was demonstrated by its top three ranking in its category, and this resulting from its optimized sales and marketing efforts.
The company's successful "Subscribe & Save" program for both Amazon and direct-to-consumer sales boosted its recurring revenue stream, up 80% year-over-year, while strengthening customer retention and lifetime value (LTV).
2025 Outlook
"As we begin the new year, we are looking forward to building upon our success in 2024 with the launch of a new series of groundbreaking products," continued Pitts. "Targeting for release during the first quarter, these new products will be specifically formulated for new high-growth categories."
These anticipated new products include a groundbreaking on-the-go hydration product; an easy-to-consume sugar blocker; and a revolutionary heart health formulation targeting the more than 40 million statin users in the U.S.
The hydration and sugar blocker represent new category entries for the company, while the new heart health product is expected to expand this most successful category for the company to new levels.
All of these products will tap the company's well-established customer base, while attracting new audiences and creating significant cross-selling opportunities.
"We enter 2025 with solid cash flow, manageable debt, and a highly favorable capitalization structure," said Pitts. "This strong position supports our outlook for another year of record growth. We also see our M&A opportunities further strengthening our positive outlook and enhancing our ability to deliver greater shareholder value."
The preliminary unaudited results provided in this press release are estimates only and subject to change without notice until the company officially reports its audited annual results in March.
