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GLG Life Tech's Q3 revenues soar 42% to $3.4M, driven by international stevia sales growth.
GLG Life Tech Corporation, a leader in zero-calorie natural sweeteners, saw its revenues jump 42% in Q3 2024 to $3.4 million, with a 78% increase for the first nine months to $10.5 million, mainly due to rising international stevia sales.
Despite these gains, the company reported a continuing operations net loss for the period, though a one-time gain from debt elimination helped improve its financial outlook.
The transfer of its 'Runde' subsidiary is expected to remove significant debt from its balance sheet.
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Los ingresos Q3 de GLG Life Tech se elevan 42% a $3.4M, impulsados por el crecimiento de las ventas internacionales de stevia.