"During the first quarter of 2026, we remained intensely focused on strengthening the operational foundation of the business while navigating a challenging capital markets and retail environment," said Hamutal Yitzhak, Chief Executive Officer of Else Nutrition. "While revenue declined for the quarter to $1.5 million compared to $2.1 million in the prior-year parallel period mainly due to out-of-stock (OOS) challenges, our operational initiatives resulted in a significant improvement in profitability metrics and overall cost structure. Gross margin improved to 40% compared to 24% in the first quarter of 2025, reflecting the benefits of inventory optimization, tighter supply chain management, and disciplined operational execution. We are working diligently to produce more products, to reduce and eventually eliminate the damaging OOS situations, yet our production capabilities depend on our free cash position."
"We also significantly reduced our quarterly net loss to $ 0.6 million, compared to $3.4 million in the same period last year, while dramatically reducing the operating expenses by 45% to $1.2 million from $2.2 million in the prior year period. These results demonstrate the impact of the restructuring and efficiency initiatives we have implemented over the past year, including streamlining lower-margin activities and optimizing marketing spend."
"Importantly, ...
