Else Nutrition H Stock Price, News & Analysis

Else Nutrition Holdings (BABYF) has announced a business update conference call scheduled for March 31, 2025 at 10:00 a.m. Eastern Time. The call will discuss the company's financial results for the 2024 fiscal year ended December 31, 2024, along with corporate progress and other developments.

The conference call will be accessible via toll-free telephone numbers and a webcast. U.S. callers can dial 1-877-407-9219, while international callers can use +1-201-689-8852. The webcast replay will be available on the company's Investor Relations website through March 31, 2026. A telephone replay will be accessible until April 14, 2025, using conference ID: 13752367.

Else Nutrition Holdings (BABYF) welcomes the launch of Operation Stork Speed, a strategic initiative by the U.S. Department of Health and Human Services (HHS) and FDA aimed at expanding infant formula options. The company is actively pursuing the development of the first whole food, plant-based infant formula in the United States.

The company has established a presence in Washington D.C., engaging a healthcare lobbying firm and conducting bipartisan Congressional meetings. These efforts have led to Congressional oversight on modernized FDA guidance for plant-based, non-soy, non-dairy infant formula options.

This development follows the FDA's January 2025 release of their Long-Term National Strategy to Increase the Resiliency of the U.S. Infant Formula Market. Else Nutrition's formula focuses on using natural ingredients like almonds, buckwheat, and tapioca to create clean-label alternatives for early childhood nutrition.

Else Nutrition (BABYF) has announced its entry into the adult nutrition market with the launch of plant-based ready-to-drink (RTD) nutritional shakes in the U.S. and Canada. The product represents the first whole-food, plant-powered complete nutrition drink for adults in these markets.

The RTD shakes, made from ingredients like almond butter, sunflower protein flour, and buckwheat flour, offer 280 calories and 14g of protein per serving, along with 26 essential vitamins and minerals. The product contains 50% less sugar than leading competitors and is Clean Label Project Certified.

Initially launching with Vanilla flavor in Canada through Amazon.ca and select retailers in 8 fl. oz. tetra packs (6 and 24-pack options), the U.S. launch is scheduled for Q2 2025. The launch aligns with market trends, as the U.S. dairy alternatives market is projected to grow from $5.84 billion in 2022 to $14.28 billion by 2030.

Else Nutrition reported Q3 2024 financial results with revenue increasing 5% year-over-year to $1.8 million, compared to $1.71 million in Q3 2023. Operating expenses were $3.6 million, up from $3.5 million in the previous year. The company's cash balance stood at $0.9 million as of September 30, 2024.

The company is expanding its retail presence through a pilot program with Costco, potentially leading to distribution in over 100 Canadian locations. Additionally, they're finalizing arrangements to offer kids RTD products in 900+ new US grocery stores. Else is also preparing to launch its Adult RTD product, with first commercial production scheduled for late 2024.

Else Nutrition Holdings has launched a 12-week pilot program with a multinational wholesale retailer to introduce its Plant-Powered Ready-to-Drink Kids Nutrition Shakes in 11 warehouse locations across Canada. The program features endcap displays and product sampling demos, aiming to validate demand for a potential national rollout in 2025. The initiative serves as a strategic entry point for both Canadian market expansion and potential entry into the United States.

Else Nutrition Holdings (TSX: BABY) (OTCQX: BABYF) has announced a business update conference call scheduled for November 14, 2024 at 10:00 a.m. Eastern Time. The call will discuss the company's third quarter 2024 financial results for the period ended September 30, 2024, along with corporate progress and developments. The conference will be accessible via telephone and webcast, with replay options available through November 14, 2025. Participants can submit questions via email to baby@crescendo-ir.com.

Else Nutrition Holdings Inc. (BABY) (BABYF) (0YL.F) has announced the launch of its plant-powered, Ready-to-Drink Kids Shakes at a premier upscale grocery chain in Southern California. Starting September, the shakes will be available in 19 locations across the region, offered in Chocolate and Vanilla flavors. This partnership aligns with both companies' focus on providing high-quality, healthy food options.

The grocery chain, known for its quality, freshness, and exceptional shopping experience, spans from Santa Barbara to Los Angeles to Palm Springs. Else Nutrition's Kids Shakes are plant-based, dairy-free, soy-free, and free from added sugars, offering a balanced nutritional profile that complements the chain's commitment to culinary innovation and premium food choices.

Else Nutrition Holdings Inc. (TSX: BABY) (OTCQX: BABYF) reported Q2 2024 financial results, showing a 23% revenue increase to $2.6 million compared to Q1 2024. The company experienced significant retail sales growth, with 88% increase in the U.S. and 111% in Canada over Q1 2024. Else Nutrition expanded its market presence by adding major retailers like Wegmans, HEB, Meijer, and 600 new Walmart U.S. stores. The company also launched its Kids RTD line at Loblaws, Giant, and Metro, and added Walmart's Canadian website. Gross profit improved to $263 thousand (10% of revenue) in Q2 2024, compared to a gross loss in Q2 2023. The company moved its U.S. powder production to a new plant, reducing production costs by almost half, and plans to add another facility in Europe for further cost savings.

Else Nutrition Holdings Inc. (TSX: BABY) (OTCQX: BABYF) has announced a business update conference call scheduled for August 14, 2024, at 10:00 a.m. Eastern Time. The call will cover the company's financial results for the second quarter of 2024, ending June 30, as well as corporate progress and other developments. Investors can access the call via telephone or webcast, with replay options available until August 14, 2025. The company, known for its innovative approach to children's nutrition, invites interested parties to learn more about its offerings at www.elsenutrition.com.