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GURU Organic Energy Announces Fourth Quarter and Fiscal Year 2020 Financial Results

Continued strong growth in Q4 2020 with 51% increase in revenue while delivering gross margins above 60%



Closing of $34.5 million financing and listing on TSX in fall 2020 to accelerate North American expansion plans via sales and marketing investments



Fastest-growing energy drink brand in QuA©bec with over 13% market share1 disrupting the two largest brands in a US$15B2 category with a better-for-you organic offering

MONTREAL, Jan. 21, 2021 (GLOBE NEWSWIRE) -- GURU Organic Energy Corp. (TSX: GURU) (a??GURUa?? or the a??Companya??), Canadaa??s leading organic energy drink brand, is pleased to announce its results for the fourth quarter and fiscal year ended October 31, 2020. All amounts are expressed in Canadian dollars unless otherwise indicated.

Financial Highlights
(in thousands of dollars, except per share data)





Three months ended
October 31



Twelve months ended
October 31



2020







2019







2020







2019







Revenue



6,115







4,050







22,100







17,499







Gross profit



3,705







2,636







14,039







11,544







Net income (loss)



(3,145



)



(653



)



(2,156



)



705







Basic and diluted earnings (loss) per share



(0.11



)



(0.03



)



(0.07



)



0.03







Adjusted EBITDA3



(419



)



(626



)



1,428







1,592





a??I am very proud of what GURU has accomplished in fiscal 2020, with record revenues and over 50% sales growth in the fourth quarter, reflecting a strong performance in our core markets and growing consumer demand for better-for-you energy drinks,a?? said Carl Goyette, President and CEO of GURU. a??In fiscal 2021, our focus is on aggressively moving forward with our expansion plans across Canada and the U.S. following the completion of our $34.5 million financing and TSX listing this past fall. Several steps have already been initiated including the launch of our new Yerba Mate organic plant-based energy drink, hiring of key personnel, partnering with a leading experiential and field marketing agency, and actively working on distribution and marketing plans outside of QuA©bec.a??a??In order to meet the anticipated increase in demand and in the context of COVID-19, we have increased our marketing and promotional activities in support of our expansion plans and taken proactive measures to strengthen our supply chain and build inventory. These measures will allow us to pursue our growth initiatives without interruption.a??1 Nielsen: L52 period ending July 18, 2020 (Grocery Drug Mass +Convenience & Gas) QuA©bec
2 Mintel, May 2020. Does not include energy shots segment
3 Refer to reconciliation of net income (loss) to adjusted EBITDA and adjusted EBITDA margin at the end of this release.a??Our objective for the next two to three years is to significantly increase our presence in key channels, including in convenience, in grocery, drug and online, as well as to increase the velocity of our sales in Canada and the U.S. Our proven track record in QuA©bec and our success-to-date in California are proof of what we can accomplish, and we now have the means to do so on a much larger scale,a?? concluded Mr.Goyette.
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