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Vitality Products Inc. (TSXV: VPI), a Canadian manufacturer and distributor of natural health supplements, has released its financial results for the fourth quarter and fiscal year ended January 31, 2025.
For the fourth quarter, the company reported a 37% year-over-year increase in revenue, reaching CAD 235,278, compared to CAD 171,704 in the same quarter of the previous year. The gross margin for Q4 was reported at 72%, amounting to CAD 170,314, compared to 73% or CAD 125,794 a year earlier. The company attributes its continued gross margin levels to its differentiated product offerings.
Vitality reported a net loss of CAD 11,388 for the three-month period, marking a 62% decrease from the Q4 2024 net loss of CAD 30,020. General selling expenses rose to CAD 35,799 for the quarter while general and administrative expenses increased to CAD 142,320. The company stated that it continues to focus on expanding its market presence in Canada and the United States while working to maintain operational efficiencies.
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