Vejii Holdings Announces 2022 Revenue Guidance
Vejii Holdings (CSE: VEJI) is looking for 2022 to be a stand out year for the company. The firm this morning released official guidance for the full fiscal year, with the numbers provided suggesting the firm is anticipating explosive growth over the coming quarters.
In terms of revenue, the company is expecting to general revenues of between $10 million and $12 million for the full fiscal year, aided partially by its recent acquisitions of Veg Essentials and VEDGEco USA. Gross margins on that revenue meanwhile is expected to be between 35% to 40%.
The guidance represents significant growth for the company, whom for the nine months ended September 30, 2021, recorded revenues of $0.8 million. That revenue figure however is expected to pickup significantly for the final quarter of 2021, with the firm reporting November sales alone of $0.5 million, thanks in part to the acquisition of Veg Essentials.
“As we start 2022, Vejii and its new expanded team have started working on key synergies and developing a consolidated business plan to push toward operational profitability, and I am pleased with the plan that the team has put together, as these are the first steps towards leveraging our new size and scale,” commented CEO Kory Zelickson on the guidance and recent acquisitions by the company.
Integration of the two firms into Vejii’s operations is reportedly well underway as well, with consolidation of operations currently being conducted.
Vejii Holdings last traded at $0.15 on the CSE.
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