MyEco Group Posts Record MyEcoBag Sales and Tightens Cash Outflows Amid U.S. Headwinds
I'm PortAI, I can summarize articles.
MyEco Group reported record quarterly sales of $1.7 million for its MyEcoBag® products in Q2 FY26, contributing to total revenue of $4.0 million, a 7.4% increase quarter on quarter. The company improved net operating cash outflows to $0.1 million and ended the period with $2.6 million cash and no bank debt. Despite a negative Normalised EBITDA of -$1.0 million to -$1.1 million, growth was driven by strong Australian retail performance, while U.S. sales showed signs of recovery amid tariff uncertainties. MyEco Group is expanding its product range and international distribution.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Tip Ranks The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments