Market Herald logo

Subscribe

Be the first with the news that moves the market
  • good natured expects to report revenue for Q4 2021 is anticipated at $21.0 million to $23.0 million
  • Preliminary revenue for Q4 2021 is anticipated at $21.0 million to $23.0 million
  • Revenue for FY2021 is expected in the range of $59.3 million and $61.3 million
  • Variable gross margin, for Q4 2021 is anticipated to be between 29 per cent and 31 per cent
  • good natured Products Inc. offers the broadest assortment of eco-friendly options made from plants instead of petroleum
  • good natured Products Inc. (GDNP) opened trading at C$0.73 per share

good natured Products (GDNP) has announced preliminary revenue and gross margin estimates for Q4 2021 and the year ending December 31, 2021.

Paul Antoniadis, CEO of good natured sat down with Dave Jackson to discuss the results.

Preliminary revenue for Q4 2021 is anticipated at $21.0 million to $23.0 million, an increase of approximately 300 per cent compared to $5.3 million for the three months ended December 31, 2020.

Revenue for FY2021 is expected in the range of $59.3 million and $61.3 million, an increase of approximately 255 per cent compared to $16.7 million for the twelve-month period ended December 31, 2020.

Variable gross margin, for Q4 2021 is anticipated to be between 29 per cent and 31 per cent compared to 32.9 per cent for Q4 2020. Variable gross margin for FY2021 is anticipated to be between 30 and 32 per cent, compared to 37.3 per cent for FY2020. Gross margin is estimated to be between 22 and 24 per cent and between 24 and 26 per cent for Q4 2021 and FY2021.

The company plans to release full Q4 2021 results in April 2022.

good natured offers the broadest assortment of eco-friendly options made from plants instead of petroleum.

Their goal is to make it easy and affordable for business owners and consumers to switch to products made from renewable materials and free from chemicals of concern.

good natured Products Inc. (GDNP) opened trading at C$0.73 per share.

More From The Market Herald

" @ the Bell: The worst 1st half for stocks in decades

Gains in crude prices pushed futures for Canada’s main stock index higher on Monday although recession fears continued to weigh on sentiment.
The Market Herald Video

" RooGold (CSE:ROO) completes rock chip sampling at its Arthurs Seat Project

RooGold (ROO) has completed a preliminary rock chip sampling program at its Arthurs Seat Project in New South Wales,

" Tinley’s (CSE:TNY) introduces three new clients

Tinley’s (TNY) has added three clients to its Long Beach facility and announced a pair of updates.

" Top 5 Stories of the Week: Empower Clinics (CSE:CBDT), Eat Well Group (CSE:EWG), Tocvan Ventures (CSE:TOC), Mullen Group (TSX:MTL), EasTower Wireless (TSXV:ESTW)

With inflation reaching 7.7 per cent in May, the highest in 40 years, recessionary fears are running rampant.