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Stock impact report

BioHarvest Sciences Reports Third Quarter 2024 Financial Results [Yahoo! Finance]

BioHarvest Sciences Inc. (BHST) 
Company Research Source: Yahoo! Finance
Vancouver, British Columbia and Rehovot, Israel--(Newsfile Corp. - November 25, 2024) - BioHarvest Sciences Inc. (NASDAQ: BHST) (CSE: BHSC) (FSE: 8MV0) ("BioHarvest" or the "Company"), a company pioneering its patented Botanical Synthesis technology platform, today reported its financial and operational results for the third quarter ended September 30, 2024. Third Quarter & Subsequent 2024 Operational Highlights All figures stated in this news release are in U.S. dollars unless stated otherwise. Total revenues for the third quarter of 2024 increased 101% year-over-year to $6.5 million. Gross margins expanded by 1,200 basis points to 57% of sales in the third quarter of 2024, as compared to 45% in the same year-ago quarter. Management expects fourth quarter 2024 revenues of at least $7.2 million and expects to reach adj. EBITDA breakeven in the second half of 2025. Successfully uplisted to the Nasdaq Global Market on Tuesday, November 12, 2024. Total VINIA® subscribers i Show less Read more
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