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11.05.2021 - Delivered strong results with an Adjusted EBITDA improvement of 9% year-over-year HOLLYWOOD, FL, May 10, 2021 (GLOBE NEWSWIRE) - Healthier Choices Management Corp. (OTC Pink: HCMC) today announced its financial results for the .
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Net sales from operations amounted to approximately $3.5 million, down 14% from the same period last year; a significant portion of the decline related to last March’s COVID-19 sales surge in the grocery segment.
Total operating expense was approximately $2.0 million for the three months ended March 31, 2021; a decrease of 15%.
Net loss from operations was approximately $696,000; a 1% decline from the prior year.
Adjusted EBITDA loss amounted to $394,000, an improvement of approximately 9% when compared to the same period last year.
Jeffrey Holman, Chairman and Chief Executive Officer of Healthier Choices Management Corp., said, “We are pleased with our first quarter results which reflect the normalizing of sales and the increasingly improving momentum of our operating cost reductions.”
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