Numinus expects the acquisition will bolster its financial performance and grow its annual revenue more than five times. The company recently announced a proposed acquisition of Novamind, a mental health company that enables safe access to psychedelic medicine through a network of clinics and clinical research sites. Numinus develops and delivers mental health care using psychedelic-assisted therapy. Gross profit during the first half of 2022 was $279,724, a significant increase from the gross loss of $97,859 in the first half of 2021. Revenues during the first half of fiscal 2022 grew 242 per cent year-over-year to $1.6 million while gross margin was 17.8 per cent, compared to -21.2 per cent during the same period last year. Cash and cash equivalents at the end of the quarter totalled $48.3 million Losses totalled $7.8 million during the second quarter, compared to $4.2 million in Q2 2021. The company generated gross profit of $228,759 during Q2 2022, a 349 per cent increase from the previous quarter. Read more: Numinus ends fiscal year with revenue up 72% to $1.5M, losses of $19M Read more: Numinus to enter US psychedelics market via $26.2M Novamind acquisition Those acquisitions were directly responsible for Numinus’ improvement in gross margin. and the Neurology Centre of Toronto, which offers ketamine-assisted psychotherapy. The company recently acquired mindfulness training company Mindspace Psychology Services Inc. “Numinus’ fiscal second quarter demonstrated the strength of our growing service offering and the efficiency of our operating platform, with gross margin improving to 29.1 per cent during Q2 2022 - compared to 6.5 per cent in the previous quarter,” Payton Nyquvest, Numinus founder and CEO, said in a statement. 28, reporting that revenues grew 240 per cent year-over-year to $0.8 million for the quarter. Numinus recently announced its fiscal quarter results for the three and six months ended Feb. (TSE: NUMI) (OTCMKTS: NUMIF) boost its bottom line. Recent acquisitions have helped psychedelics company Numinus Wellness Inc.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |