Safety Shot, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 16, 2023 at 04:06 pm EST
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Safety Shot, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 0.484196 million compared to USD 1.57 million a year ago. Net loss was USD 7.74 million compared to USD 2.33 million a year ago. Basic loss per share from continuing operations was USD 0.26 compared to USD 0.1 a year ago. Diluted loss per share from continuing operations was USD 0.26 compared to USD 0.1 a year ago.
For the nine months, sales was USD 3.97 million compared to USD 5.29 million a year ago. Net loss was USD 9.41 million compared to USD 6.69 million a year ago. Basic loss per share from continuing operations was USD 0.34 compared to USD 0.3 a year ago. Diluted loss per share from continuing operations was USD 0.34 compared to USD 0.3 a year ago.
Safety Shot, Inc. is a wellness and functional beverage company. The Company is launching its Safety Shot, a patented beverage, which reduces blood alcohol content and boosting clarity. Safety Shot is an over-the-counter drink that can lower blood alcohol content to allow recovery from the effects of alcohol at a rate faster than would occur normally. Its product pipeline includes a range of products, such as hair loss treatments, eczema creams, vitiligo solutions, and sexual wellness products, that cater to different health and wellness needs. Its products are available through various retailers and e-commerce platforms. Additionally, the Company collaborate with other companies to license its intellectual property. The Company is also advancing various formulations to address psoriasis and vitiligo (Photocil), increase the effectiveness of minoxidil to treat hair loss (JW-700 minoxidil booster), womenâs sexual wellness (JW-500), and jellyfish sting prevention sunscreen (NoStingz).