(via NewsDirect)
The company achieved its projected
Sobel also highlighted the significant improvement in the company's gross profit margin, which reached 45% in Q3 2023 compared to 18% in Q3 2022 and 40% in Q2 2023. This margin is expected to continue to rise as production scales up.
In addition,
The company generates 90% of its revenue from subscriptions, with 95% of subscribers on plans of 3 months or more, and 23% on plans of 6 months or more.
Furthermore, VINIA continues to expand its product sales on Amazon.com, with Q3 Amazon revenue increasing by 84% over Q2 2023.
These positive results demonstrate the strong demand for
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