Healthier Choices Management Corp (OTCMKTS:HCMC) ended flat after announcing its Q2 2021 financial results. Net loss in the quarter was $685,000, which is an improvement of 14% YoY.
For the six months ending June 30, 2021, the net loss was $1.2 million, down from $1.5 million a year ago. The company’s gross profit from operations grew 7% to $1.5 million. Adjusted EBITDA was up 20% or $136,000 YoY and for the six months EBITDA increased 16% or $177,000.
CEO Jeffrey Holman stated that they are delighted with the Q2 2021 performance whereby the company delivered a significant increase in adjusted EBITDA and improvement in gross profit. Holman added that the company’s strategic vision is clear. With a solid cash position, Healthier Choices is pleased with the potential of using proceeds from recent capital raises to improve growth initiatives. He concluded that the company is committed to creating a scalable and agile business model supporting long-term growth. Therefore, HCMC is worth watching in the coming months.
Market Reaction:
On Tuesday, HCMC stock ended flat at $0.0010 with more than 11.20 million shares, compared to its average volume of 398.28 million shares. The stock has moved within a range of $0.0008 – 0.0011 after opening the trade at $0.0011.
