- Chopra achieves three-fold sequential increase in revenue for the fiscal 2023 fourth quarter, and Your Super achieves positive adjusted EBITDA1 in fiscal 2023 for the first time in company history
- Collectively, The
Healing Company portfolio served nearly half a million people this year, advancing its mission to bring integrated healing to the world
The
“We are pleased to report that we achieved record revenue and positive adjusted EBITDA1 in each segment, excluding one-time, non-recurring expenses, driven by prudent investment, disciplined growth, and reduced operating expenses,” said
The
Belsham stated, “In less than a year since welcoming leading plant-based superfoods brand Your Super into our portfolio, the business achieved a historic milestone of positive adjusted EBITDA, affirming the strength of our business model. Our recent acquisition of Chopra in
In addition to its mergers and acquisitions strategy, The
Driven by resounding demand for science-backed products, The
With heightened consumer interest in holistic Ayurvedic treatments—a
“Looking ahead, we will continue to identify and evaluate synergistic and accretive acquisition targets, and have a robust pipeline of potential targets rooted in scientific principles that resonate with customers,” said Belsham. “With a steadfast focus on science-backed healing products, services, content, and experiences, we are poised to continue shaping the landscape of well-being, fostering a culture of health, and delivering transformative experiences.”
Most recently, The
“We are committed to our mission of bringing integrated healing to the world and helping millions improve their quality of life. This past quarter, our products, services, and experiences helped nearly 250,000 people—a 16% increase from the prior quarter—and took our impact to nearly half a million customers this fiscal year. With the need and appetite for better health and healing solutions on the rise—a
“This has been a foundational year for The
The Healing Company’s complete financial results are available in its Annual Report on Form 10-K, which has been filed with the
Footnotes
- Adjusted EBITDA is a non-GAAP measure; important disclosures about, and reconciliations of, non-GAAP measures to their most directly comparable GAAP measures, including adjusted EBITDA, are provided in the "Non-GAAP Financial Measures" section of this press release.
- Market Research Future: Ayurveda Market
- McKinsey Future of
Wellness Survey Global Wellness Institute - The Global Wellness Economy: Looking Beyond COVID
About The
The
The Healing Company’s investors and advisors include global wellbeing icon Dr.
Non-GAAP Financial Measures
To provide investors with additional information regarding its financial results, the Company has provided certain financial measures that are not recognized under
The Company calculates EBITDA, a non-GAAP financial measure, as net income or loss excluding depreciation and amortization, interest expense, net and income taxes. EBITDA margin represents EBITDA as a percentage of net sales. The Company calculates adjusted EBITDA, a non-GAAP financial measure, by further excluding non-cash items for stock-based compensation expenses, one-time expenses (including severance and consulting), change in fair value of warrant liability, and transaction-related costs. Adjusted EBITDA margin represents Adjusted EBITDA as a percentage of net sales.
EBITDA, EBITDA margin, adjusted EBITDA, and adjusted EBITDA margin should be viewed as measures of operating performance that are supplements to, and not substitutes for, operating income or loss, net income or loss and other GAAP measures of income and loss. The Company has included EBITDA, EBITDA margin, adjusted EBITDA, and adjusted EBITDA margin in this press release because they are key measures used by the Company's management to evaluate and compare the Company's financial and operational performance over multiple periods, identifying trends affecting the Company's business, formulating business plans and making strategic decisions. In particular, the exclusion of certain expenses or income in calculating adjusted EBITDA facilitates operating performance comparability across reporting periods by removing the effect of non-cash expenses and certain non-recurring variable charges. In addition, the Company believes that providing each of EBITDA and adjusted EBITDA helps investors make comparisons between The
Forward-looking statements:
This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements which are not historical facts are forward-looking statements. The Company makes forward-looking public statements concerning its expected future financial position, results of operations, cash flows, financial requirements, business strategy, products and services, potential future financings, acquisition and scaling of future brands and or project and its anticipated financing plans, growth opportunities, plans and objectives of management for future operations, including statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions that are forward-looking statements. Such forward-looking statements are estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements; foreign exchange and other financial markets; changes in the interest rates on borrowings; hedging activities; changes costs of goods; changes in the investments and expenditure levels; litigation; legislation; environmental, judicial, regulatory, political and competitive developments in areas in which The
Communications:
The
Email: jacalyn@healingcompany.com
Investor Relations:
Tel: (212) 671-1020
Email: hlco@crescendo-ir.com
Source: The
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