Healthy Extracts Reports Record Third Quarter 2022, Net Revenue up 32% with Strong Subscription-Based Revenue Growth
The growth in subscription revenue helps lower customer acquisition costs and provides greater visibility into future revenue.
- The growth in subscription revenue helps lower customer acquisition costs and provides greater visibility into future revenue.
- Net revenue in the third quarter of 2022 increased 32% to $500,000 from $380,000 in the same year-ago quarter.
- Gross profit totaled $431,000 or 86.3% of net revenue as compared to $308,000 or 81.0% of net revenue in the same year-ago quarter.
- Gross profit totaled $1.0 million or 71.9% of net revenue as compared to $647,000 or 81.4% of net revenue in the same year-ago period.