08:24 AM EDT, 06/12/2025 (MT Newswires) -- GURU Organic Energy ( GUROF ) on Thursday reported a narrower loss in the second quarter helped by the positive impact of pricing discipline, streamlined marketing investments, and efficient execution during the Canadian distribution transition.
The company reported a net loss of $1.4 million or loss per basic and diluted share of $0.05 for the three months ended April 30, compared with $2.7 million or $0.09 per share, a year earlier. The loss was in-line with the consensus estimate compiled by FactSet.
Revenue decreased to $6.5 million in Q2 compared with $8 million, a year-ago, largely due to the $1.4 million in US wholesale club rotations last year that were not repeated this year, and temporary significant order and shipments shortfalls in Canada. Revenue missed consensus estimate compiled by FactSet of $7.6 million.
"We delivered meaningful margin expansion, cut our EBITDA loss in half, and observed sustained consumer enthusiasm for our Zero line in both Canada and the US," said GURU Organic Chief Executive Carl Goyette. "With a simplified model, energized partners, and a clear strategic focus, we're entering the second half of the year with momentum - and full confidence in our ability to drive sustainable growth and fulfill our mission to clean up the energy drink industry."
Shares of the company closed up 2.1% to $1.93 on Wednesday on the Toronto Stock Exchange.