Healthy Extracts Inc. reported its financial results for the third quarter ending September 30, 2025, revealing a revenue of $917,975, which represents a 23.2% increase from $744,916 in the same period of the previous year. For the nine months ending September 30, 2025, the company generated total revenue of $2,817,910, up from $2,342,091 in the prior year, marking a 20.3% increase. Despite the revenue growth, the company reported a net loss of $395,394 for the quarter, compared to a net income of $354,466 in the third quarter of 2024. The nine-month net loss also widened to $727,133 from $393,742 in the previous year.

The company's financial position has significantly changed, with total assets increasing to $26.2 million as of September 30, 2025, compared to $2.4 million at the end of 2024. This increase is largely attributed to the acquisition of Gummy USA LLC, which was finalized through a merger on September 30, 2025. The transaction involved issuing 13,075,920 shares of common stock, representing 77.5% of the company’s outstanding shares post-transaction. The merger is expected to enhance Healthy Extracts' market presence and product offerings in the health supplement sector.

Operationally, Healthy Extracts has seen a notable increase in its inventory, which stood at $966,522 as of September 30, 2025, down from $1.4 million at the end of 2024. The company has also reported a significant rise in accounts receivable, which increased to $31,264 from $11,004, indicating a growing customer base and sales activity. However, the cost of goods sold surged to $470,725 for the quarter, up from $142,456 in the prior year, reflecting increased production costs associated with the expanded product line.

The company’s strategic focus on growth through acquisitions and product development is evident in its financial maneuvers. Healthy Extracts has been actively seeking funding through debt and equity financing to support its growth initiatives and mitigate concerns regarding its ability to continue as a going concern. Management has expressed optimism about future performance, citing the potential for increased market share and revenue growth stemming from the recent merger and ongoing product development efforts. The company plans to continue leveraging its existing customer base while exploring new market opportunities to enhance its financial stability and operational efficiency.

About HEALTHY EXTRACTS INC.

Healthy Extracts Inc. develops and markets plant-based nutraceuticals focused on heart, brain, and immune health. Its proprietary products include citrus bergamot extracts and neuro-formulations, targeting the growing global wellness market. The company leverages innovative delivery systems like gel-pack formats and strategic licensing agreements. Operating primarily in the U.S., it emphasizes natural, high-margin products aimed at consumers seeking preventive health solutions.

This description was generated via AI from an annual report. Updated 8 months ago.

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