Business
Helo Corp. Announces Record third quarter 2021 Results with 1395% Increase to $52.8 Million Revenue and $9.9 Million Net Income for $0.11 EPS
Helo Corp. Announces Record third quarter 2021 Results with 1395% Increase to $52.8 Million Revenue and $9.9 Million Net Income for $0.11 EPS.
About this update from Helo Corp.
[{"type":"text","content":"SAN FRANCISCO, CA / ACCESSWIRE / November 22, 2021 / Helo Corp. (OTC PINK:HLOC) ("Helo" or the "Company), a leading developer of wearable wireless devices at the forefront of digital health and dedicated to improving wellness worldwide, is pleased to announce its third quarter 2021 results and alternative filing with OTC Markets.Revenue for this year to end of September, 2021 increased from the same period last year by $49.2 million or 1395% to $52.8 million. The increase in revenue was primarily due to the change in Helo Corp.'s business model providing products and services to wellness consumers worldwide under the VyvoTM brand.Gross profit for this year ended September 30, 2021 increased by $17.4 million to $18.2 million.Gross margin for this year to end of September, 2021 increased by 110 basis points to 34%, from 23% for the same period last year.Operating income for this year to end of September, 2021 increased to $10.7 million, from the same period last year.Net income for the year to end of September, 2021 increased to $9.9 million, from the same period last year.Total assets at the end of September, 2021 increased by $17.0 million to $23.5 million.The resulting positive EPS for this year to end of September, 2021 was $0.11, as compared to a negative EPS of ($0.01) for the same period last year.Sean McVeigh, Helo's Chief Executive Officer, commented, "The significant improvments achieved this year have been generated from our continued technology advances and the change in our business model, as we sell our products and services to wellness consumers worldwide. We expect our strong growth to continue for the rest of this year, into next year and beyond as we project continued solid sales in Asia and as we open up new markets."Fabio Galdi, Vyvo's Chief Executive Office, stated, "Our continued innovation combined with the efforts of Vyvo members and our employees has driven our impressive growth. Vyvo's position at the forefront of digital health is now well established and we look forward to building a sustainable, self-funding Digital Health Sharing Economy, where all participants prosper."About Helo Corp.Helo Corp. (OTC: HLOC) is a wellness technology company at the forefront of digital health and a pioneer of the Digital Health Sharing Economy. Helo uses its life watches and its propr...