Functional Brands Announces First Quarter 2026 Financial Results

About this update from Functional Brands, Inc.

[{"type":"text","content":"Lake Oswego, Oregon--(Newsfile Corp. - May 18, 2026) - Functional Brands Inc. (NASDAQ: MEHA), a leading innovator in wellness and performance products, today announced financial results for the first quarter ended March 31, 2026.","length":229,"tagName":"p"},{"type":"text","content":"First Quarter 2026 Financial Highlights","length":39,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue grew to $1.65 million, up 3.5% from $1.59 million in the prior year period, reflecting continued momentum across the Company's brand portfolio.","length":155,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Gross profit increased to $0.96 million from $0.87 million in the prior year period and gross margin increased 390 basis points to 58.4%, driven by continued focus on higher margin channels.","length":190,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Operating loss increased to $0.68 million from $0.03 million in the prior year period, largely reflecting expenses related to becoming a public company.","length":152,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net loss of $7.0 million reflected a $6.3 million of non-cash GAAP charge on equity exchange.","length":93,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":590,"olType":false},{"type":"text","content":"Strategic Highlights","length":20,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Continued expansion of Kirkman® distribution across eCommerce, retail, and international channels.","length":98,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Tru2u.health platform gaining traction with growing registered user base.","length":73,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"P2i™ Prenatal line achieving broader practitioner and retail placement following iHerb listing.","length":95,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Strategic AI partnership with partnrup.ai driving qualified traffic acquisition for Tru2u.health.","length":97,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Entered into a binding letter of intent regarding the acquisition of intellectual property and related blockchain-based assets.","length":127,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Completed...

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