- Nepra Foods (NPRA) reports revenue growth of 51 per cent for Q1, 2022
- This compares to $1.4 million in Q1, 2021
- Nepra builds sales moats around its ingredient sales by being involved in the formulation process and, more often than not, the actual blending of the materials
- Nepra also parted ways with John Maculley, who tendered his resignation as Chief Operating Officer back in late May
- Nepra Foods Inc. (NPRA) is in the grey, trading at C$0.18 at 1:38 pm ET
Nepra Foods (NPRA) has reported a 51 per cent YoY increase in revenue growth in Q1.
The company earned revenue of $2.1 million for the first three months of 2022, ending March 31 as compared to $1.4 million in Q1 2021.
“The first quarter of the year is typically the slowest sale cycle of our year,” reports CEO David Wood.
“This is a strong indication of our continued growth,” added Wood.
Nepra is not stopping there, “We are working on many new formulas for customers right now,” looking to further add to its future revenue.
Nepra builds sales moats around its ingredient sales by being involved in the formulation process and, more often than not, the actual blending of the materials, which results in a proprietary formula with its customers.
Nepra also parted ways with John Maculley, who tendered his resignation as Chief Operating Officer in late May.
Nepra Foods central belief is that just because you want to eat healthily, it shouldn’t be difficult.
Based on the fact that healthy food should be and is a right of every human being. Food should not contain allergens that might prevent everybody in the family from enjoying it together. One of its missions is to make healthy, enjoyable food for everybody.
Nepra Foods Inc. (NPRA) is in the grey, trading at C$0.18 at 1:38 pm ET.
