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Boomer Naturals Provides First Quarter 2021 Results and Business Update
December 16, 2020 GMT
Boomer Naturals (the “Company”) (OTC: BOMH)
, a health and wellness company, today provided a business update on the Company’s operations in conjunction with the filing of its form 10-Q for the fiscal first quarter 2021 ended October 31, 2020.
Management Comments
Mike Quaid, the Company’s Chief Executive Officer, stated, “As expected, we generated record revenue, dramatically increased our gross margin to 68% and operating income grew to $7.9 million. Our successful expansion into the Personal Protective Equipment category has exceeded our expectations and positions us well to expand into ancillary health and wellness categories by leveraging our expertise and unique access to manufacturing capacity in Vietnam.”