The announcement with regards to a new product launch is almost always a significant development for any company and hence, it could be a good move to perhaps take a look at the development with regards to Mimi’s Rock Corp (OTCMKTS:MIMNF) yesterday. The company announced yesterday that it had been successful in shipping its new Maritime Naturals Probiotic + Collagen Eye Cream to Amazon.
Trading Data
On Thursday, MIMNF stock ended flat at $0.0610 with more than 13.50K shares, compared to volume of 0 shares. The stock moved within a range of $0.0610 – 0.0610 after opening trade at $0.1115.
Mimi’s Rock Announces New Product launch; provides Operational Update
The launch of a product on the biggest ecommerce marketplace is certainly a significant milestone for any company. It could only help in boosting the sales figure. As it happens, Mimi’s Rock also pointed out that the product had already been launched through its own website and the response in the initial days has been quite good.
The company noted that the product would be made available on Amazon in the upcoming days. However, that was not all. Mimi’s Rock also announced that it had also launched a Retinol Moisturizer 2-pack and would also offer the product in a travel pack. In addition to that, the positive trend in its revenues has continued into the third fiscal quarter as well and its performance has been better than what it had been in the same period in 2021.
Key Quote
“These new products are a great compliment to our product line” commented David Kohler, CEO. “We’ve had significant interest from our loyal customer base for the addition of these items, so we are excited to have shipped the initial orders”. Kohler also added: “We are also pleased to advise that the revenue and EBITDA trends we’ve seen in Q’s 1 and 2 have continued into Q3. Our strategic price increases have aided in improving performance across all financial metrics. We look forward to releasing Q3 results in early November”
