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Reviv3 Procare Co Reports Net Income of $154.5 Million for the Quarter Ended August 31, 2023
Quarterly Revenue of $6.1 Million
Reviv3 Procare Co [RVIV], a leading hair care company, has announced its financial results for the quarter ended August 31, 2023. The company reported a net income of $154.5 million, representing a decrease compared to the same period last year. Quarterly revenue stood at $6.1 million, indicating a significant growth in sales.
Financial Performance
Despite a decrease in net income, Reviv3 Procare Co demonstrated a strong financial performance during the quarter. Gross profit reached $4.6 million, showcasing the company's ability to generate revenue and manage costs effectively. Operating expenses totaled $4.5 million, primarily driven by marketing and selling expenses, compensation, and professional consulting fees. The company's income from operations was $173.8 million, highlighting its operational efficiency.