Healthy Extracts Inc. reported significant financial performance improvements in its latest quarterly filing for the period ending June 30, 2026. The company generated revenue of $2.07 million for the three months, a substantial increase of 113% compared to $968,656 in the same period last year. For the first half of 2026, revenue reached $3.68 million, up from $1.90 million in the prior year, marking a 94% increase. Despite this growth, the company reported a net loss of $129,389 for the second quarter, compared to a net income of $67,120 in the same quarter of 2025. The loss for the first half of 2026 was $329,486, slightly improved from a loss of $331,739 in the same period last year.

The financial results reflect a notable increase in operating expenses, which rose to $1.50 million in the second quarter from $698,434 in the same quarter of 2025. This increase is attributed to higher general and administrative costs associated with the company's strategic initiatives, including recent acquisitions. The cost of goods sold also increased, totaling $614,768 for the second quarter, compared to $375,828 in the previous year, indicating a rise in production costs as the company scales its operations.

Healthy Extracts has been active in expanding its business through acquisitions. In May 2026, the company completed the acquisition of Adli Gummies Inc., which is now a wholly-owned subsidiary. This acquisition involved issuing shares and promissory notes valued at approximately $794,000. Additionally, the company previously acquired Gummy USA in October 2025, further diversifying its product offerings in the health supplement market. These strategic moves are expected to enhance the company's market presence and product portfolio.

Operationally, Healthy Extracts has seen a significant increase in its customer base and product engagement. The company reported a rise in accounts receivable, which increased to $607,018 as of June 30, 2026, compared to $187,750 at the end of 2025. This increase suggests a growing demand for its products. The company also reported a decrease in inventory levels, which fell to $644,114 from $843,357, indicating improved inventory management and potentially higher product turnover rates.

Looking ahead, Healthy Extracts Inc. remains optimistic about its growth trajectory. The company anticipates that the recent acquisitions will contribute positively to its revenue streams and market share. Management has indicated that they expect continued improvements in operational efficiency and customer engagement, which should help mitigate losses and drive profitability in the future. However, the company cautions that its forward-looking statements are subject to risks and uncertainties that could impact actual results.

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 about 1 year ago.

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