FINANCIAL HIGHLIGHTS
Strong revenue growth driven by infant formula sales to China and domestic Daigou Channel:
Q3 gross revenue $11.83M, up 103% prior comparable period (pcp).
March FY19 gross revenue $6.91M - the highest of any month on record for the Company.
Year-to-date gross revenue $32.87M.
Bubs® goat milk infant formula gross sales up 302% pcp, representing 41% of Q3 revenue.
Bubs Organic® baby food gross sales up 22% pcp, representing 6% of Q3 revenue.
CapriLac® goat milk powder gross sales up 119% pcp, representing 40% of Q3 revenue.
Domestic sales up 71% pcp, representing 79% of Q3 revenue.
China sales up 884% pcp, representing 20% of Q3 revenue.
Emerging export markets up 26% pcp, representing 1% of Q3 revenue.
Who said Bad news?
Ann: Quarterly Activity Report and Appendix 4C, page-5
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