Blis Technologies Limited (NZX: BLT) Third quarter performance update

Blis Technologies Limited announces the interim results (unaudited) for the third quarter ending 31 December 2021.

Revenue for Q3 FY22 was $2.3m, with an EBITDA loss of $0.4m. Q3 FY22 revenue was down $0.1m compared with the same period last year but has increased $0.2m over Q2 FY22. The trends evident in the half year result were also reflected in the third quarter result.

Compared with the same quarter last year, there was a 42% increase in finished product sales with growth in our BLIS webstore (which includes Skincare sales) and the launch into the Canadian market, which partially offset a decline in ingredient sales.

The Q3 FY22 EBITDA loss of $0.4m is in line with forecast and reflects further early investment in our key new market initiatives, the Canada and Skincare launches which represent important future growth drivers.

We reaffirm our existing market guidance of revenue between $8.6m and $9.1m with an EBITDA deficit in the range of $2.3m to $2.7m.

Please see the link below for details

Third quarter performance update

Source: Blis Technologies Limited

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