on The Fresh Factory B.C. Ltd. (isin : CA35805H1055)
The Fresh Factory Reports Record EBITDA and Revenue Growth in Q3 2024
The Fresh Factory B.C. Ltd. announced a robust financial performance for Q3 2024, achieving a record EBITDA of $0.7 million, marking its third consecutive quarter of positive EBITDA. The company's quarterly revenue stood at $8.1 million, reflecting a 39% year-over-year increase. Additionally, The Fresh Factory produced 9.1 million units during the quarter, up 186% from Q3 2023.
The company reported a net income of $56,000, contrasting sharply with a previous net loss of $472,000 in Q3 2023. This signifies a notable improvement in financial health. The positive results are partly attributed to increased sales and the start of construction on a new facility in Downers Grove, Illinois, designed to boost R&D and production capacities.
The Fresh Factory's strategic focus remains on operational excellence, growth with the right brands, and sustainability efforts, evidenced by their continued advancements in energy efficiency and waste reduction initiatives.
R. P.
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