THE WHAT? Yooma Wellness has reported revenue of US$2.1 million for the three months ending September 30, with a gross profit of US$560,107.
THE DETAILS Citing ‘significant’ growth’, in Q3 the wellness platform completed the acquisition of Vitality CBD, a distributer of CBD products for the cosmetics and wellness markets, as well as the buy-out of Big Swig, a US-based specialty drinks business.
Other operational milestones in the quarter included the launch of MYO Plant Nutrition CBD products onto Amazon UK, the relaunch of Blossom CBD skincare brand, and the Greenleaf launch of hemp protein brand, What the Hemp!
THE WHY? Lorne Abony, Chairman, highlighted the company’s success in the global CBD and wellness space.
He stated, “Yooma’s success in the third quarter solidly-positions the Company in the global CBD and wellness space. Based on actual revenue achieved in the third quarter of US$2.1 million, with only partial revenue contribution so far from key strategic acquisitions acquired during the quarter and subsequent to quarter-end, we believe that Yooma is significantly undervalued compared to its public competitors.”
Looking forward, the company is forecasting Q4 revenue in excess of US$5.0 million, or a US$20.3 million annualized run rate.
Aesthetic medicine products are developed and regulated to meet stringent safety and efficacy standards. They are typically administered by trained healthcare professionals such as dermatologists, plastic surgeons, and specialized nurses in clinical settings. These products aim to provide effective solutions for cosmetic enhancement, skin rejuvenation, and overall aesthetic improvement, contributing to both physical appearance and self-confidence.
Key categories of aesthetic medicine products include:
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Injectables: This category includes products such as dermal fillers, botulinum toxins (e.g., Botox), and collagen stimulators. These injectables are used to smooth wrinkles, add volume, and improve facial contours.
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Skin Rejuvenation Treatments: Products like chemical peels, microdermabrasion systems, and laser devices are used to improve skin texture, reduce pigmentation irregularities, and enhance overall skin tone.
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Skincare Products: These include medical-grade cleansers, moisturizers, serums, and topical treatments containing active ingredients like retinoids, antioxidants, and growth factors. They are formulated to address specific skin concerns such as acne, aging, and hyperpigmentation.
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Hair Restoration Products: Medical treatments and products designed to promote hair growth and treat conditions such as male and female pattern baldness.
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Body Contouring and Fat Reduction: Devices and products used for non-surgical body sculpting, such as cryolipolysis (cool sculpting) devices and injectable lipolytics.
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Cosmeceuticals: High-performance skincare products that bridge the gap between cosmetics and pharmaceuticals, often containing potent ingredients with proven clinical benefits.
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Wound Care and Scar Management: Products like silicone sheets, gels, and advanced wound dressings used to improve healing and reduce the appearance of scars.
