The following is a summary of the Else Nutrition Holdings Inc. (BABYF) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Else Nutrition Holdings reported a Q1 2024 revenue of $2.1 million, a drop from $2.9 million in Q1 2023.

• Despite a decrease in the quarter revenue due to anticipated customer deal delays, the company expects to see significant revenue growth throughout 2024.

• The company saw a 92% increase in U.S. Amazon sales and a 330% increase in Canadian Amazon sales compared to the same period in 2023.

Business Progress:

• Else Nutrition started 2024 on a high note, with several retail partner announcements and launching their kids ready-to-drink shakes in both vanilla and chocolate flavors.

• They are preparing to introduce an adult ready-to-drink line.

• With the commercial launch of their plant-based infant formula in Australia, they are entering a growing market.

• They have secured three manufacturing partners and signed a powder manufacturing agreement to guarantee supply through the end of 2025.

• A new marketing program is underway to broaden brand recognition and fuel growth.

• They are continually liaising with the FDA for U.S. approval based on the rising global demand for plant-based products.

More details: ELSE NUTRITION HOLDINGS INC IR

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