GelStat Corporation Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Revenue Guidance for 2015
For the full year, the company reported revenue of $1,312,675 and gross profit of $221,860.
The company provided revenue guidance for 2015. Leveraging the proprietary manufacturing process to make chewing gum and lozenges incorporating dietary supplement active ingredients, the company expects revenue for 2015 to be in the range of $3.0 to $5.0 million. This revenue growth is expected to come from the continuation of existing products manufacture for its customers as well as from new proprietary and branded product launches. One new product in final stages of retail distribution approval alone could generate revenue of $500,000 or more in the second or third quarter of 2015.