Increased sales velocities, mainly in major Canadian urban centres, along with our new Guru Fruit Punch, continued to fuel our growth,” said Carl Goyette, president and chief executive officer of Guru Organic Energy. “Q3 was Guru’s best quarter to date with record net revenue of $8.9-million and a significant reduction in net loss, as we continue to focus on growing our business efficiently through targeted investments in marketing and improved in-store execution with our exclusive distribution partner in Canada. The company posted an Adjusted EBITDA loss of $3.01-million on revenue of $8.87-million, 15 per cent better than the same period a year prior. On September 14, GURU reported its Q3, 2023 results. Following the company’s third quarter results, Roth MKM analyst Sean McGowan has maintained his “Buy” rating on GURU Organic Energy ( Guru Organic Energy Stock Quote, Chart, News, Analysts, Financials TSX:GURU).
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