London, United Kingdom – October 17, 2023 – Rapid Nutrition PLC (Euronext Growth: ALRPD), a global nutritional supplements company, is delighted to announce its impressive interim results for the first half of 2023, showcasing robust financial and strategic performance that aligns perfectly with its detailed strategic roadmap.
Key Financial Highlights:
• D2C Revenue Growth: Direct-to-Consumer revenue increased to $650,903, marking an 80.56% increase from the $360,489 reported in the first half of fiscal 2022 (HY2022), highlighting a significant improvement in our direct-to-consumer strategy.”
• Reduction in Liabilities: A significant decrease of 71%, now standing at $522,269, compared to $1,803,513 in H1 2022.
• Improved Cash Position: Registering a notable increase of 128%, the cash position reached $1,011,274, compared to $443,980 in the first half of 2022 (HY 2022). This substantial increase strengthens the financial stability of the company, thereby ensuring the smooth execution of its business plan.
Strategic Developments: Product Innovation: Successful launch of innovative products planned for Q4.