Healthy Extracts Reports Second Quarter 2023 Results
Cost of goods sold (COGS) decreased 10% from the previous quarter to $303,000 in the second quarter of 2023.
- Cost of goods sold (COGS) decreased 10% from the previous quarter to $303,000 in the second quarter of 2023.
- Gross margin improved to 48.4% in the second quarter from 45.2% in the previous quarter, due to a favorable shift to higher margin sales.
- Gross margins are expected to return to more normal levels in the second half of 2023 with the anticipated further lowering of these costs.
- These Whitney Johns products are based on Healthy Extracts plant-based proprietary and patented formulations that are supported by numerous independently published studies.