PlantX Announces Monthly Gross Revenue of $1.2 Million in July 2022, Up 35% Year-over-Year
PlantX generated monthly gross revenue of $1.2 million in July 2022, an increase of 35% compared to $910,000 in July 2021.
- PlantX generated monthly gross revenue of $1.2 million in July 2022, an increase of 35% compared to $910,000 in July 2021.
- Gross profit for July 2022 was $468,000, or 39% gross margin, compared to gross profit of $318,000, or 35% gross margin in July 2021.
- "As we see continued strong topline growth that, we are sharply focused on accelerating our path to profitability," said PlantX CEO, Lorne Rapkin.
- "We have refined our operations especially when it comes to staffing, optimizing our marketing activities, and securing more favorable terms with suppliers.