Numinus Wellness (TSX:NUMI) Reports Q4 Revenue of CAD 1.2Mn, Up 16% QoQ

Mon 28 Jul 25, 10:47 AM | Sonal Goyal

Image source: © 2025 Krish Capital Pty. Ltd.

Highlights

  • NUMI’s revenue rose 16.4% from Q3 to reach CAD 1.2 million in Q4 fiscal 2024.
  • NUMI’s gross profit was CAD 0.3 million in Q4, compared to a CAD 0.05 million loss in Q3.
  • Operating expenditures of the company declined to CAD 931,198, down from CAD 2.9 million in the prior quarter.

Numinus Wellness Inc. (TSX:NUMI) released its financial results for the fourth quarter ended August 31, 2024, reporting quarter-over-quarter growth in revenue and gross profit, alongside a significant reduction in operating expenditures. The company recorded Q4 revenue of CAD 1.2 million, representing a 16.4 percent increase over Q3 2024.

Revenues from Cedar Clinical Research (CCR), Numinus’ research segment, increased by 17.2 percent during the quarter to CAD 965,799. This growth was attributed to a continued ramp-up of third-party clinical trials. CCR managed 18 clinical trials and completed 306 patient appointments in Q4, up from 15 trials and 233 appointments in the previous quarter.

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