Healthy Extracts Inc. reported significant financial performance improvements in its latest quarterly filing for the period ending March 31, 2026. The company generated revenue of $1.61 million, a substantial increase of 73% compared to $931,280 in the same period last year. Gross profit also saw a notable rise, reaching $988,701, up from $424,985 in the prior year. However, the company reported a net loss of $200,590, which is an improvement from the loss of $398,860 recorded in the first quarter of 2025.

The financial results reflect a strategic shift in operations, particularly following the acquisition of Gummy USA, which was finalized on October 1, 2025. This acquisition is part of Healthy Extracts' broader strategy to expand its product offerings in the health supplement market. The company has also made organizational changes, including the issuance of 13,075,920 shares of common stock to the owner of Gummy USA, which now represents 77.5% of the company's outstanding shares. This merger is expected to enhance the company's market position and product portfolio.

Operationally, Healthy Extracts has seen changes in its inventory management, with total inventory decreasing to $520,752 from $843,357 at the end of 2025. This reduction is attributed to improved inventory turnover and management strategies. The company reported an increase in accounts receivable, which rose to $253,668 from $187,750, indicating a growing customer base and sales volume. The total liabilities decreased to $3.34 million from $3.80 million, reflecting a reduction in accrued liabilities and derivative liabilities.

Looking ahead, Healthy Extracts Inc. remains optimistic about its growth trajectory. The company anticipates that the integration of Gummy USA will drive further revenue growth and enhance its competitive edge in the health supplement sector. Management has indicated that they expect continued improvements in operational efficiency and profitability as they leverage their expanded product lines and market presence. The company is also focused on maintaining a strong cash position, ending the quarter with $164,385 in cash, up from $146,935 at the end of 2025.

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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