on The Fresh Factory B.C. Ltd. (isin : CA35805H1055)
The Fresh Factory Achieves Record Revenue in 2024
The Fresh Factory reported a milestone in fiscal 2024 with record total billed revenue of $32.9 million, marking a 39% increase compared to the previous year. The company also saw its highest-ever quarterly billed revenue of $8.9 million in Q4 2024, up 38% from Q4 2023.
Strategic growth plans included the partial opening of its new facility in Downers Grove, IL, and the successful launch of smoothies. Trials for new customers were completed, with plans for 2025 shipments.
Despite facing net losses, the company's adjusted gross margins improved significantly by 81.8% from the prior year. The focus remains on expanding operations and sustaining profitability as they move forward.
R. P.
Copyright © 2025 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all The Fresh Factory B.C. Ltd. news