HCMC Stock: Healthier Choices Management Shares Fall Further After Earnings

Healthier Choices Management (OTCMKTS:HCMC) stock continues to trade lower on Tuesday after the company reported its first-quarter results for the quarter ended March 31, 2021.

HCMC Stock: Healthier Choices Management Shares Fall Further After Earnings

The company said that revenue during the latest quarter fell 14% year-over-year to around $3.50 million. The company stated a significant portion of the decline related to last March’s COVID-19 sales surge in the grocery segment.

Net loss during the quarter stood at $696,000, about 1% fall from the same quarter of the last year. Adjusted EBITDA loss came in at $394,000, improved by 9% year-over-year.

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Jeffrey Holman, Chairman and Chief Executive Officer of Healthier Choices Management Corp., said, “We are pleased with our first-quarter results which reflect the normalizing of sales and the increasingly improving momentum of our operating cost reductions.”

At the time of writing, HCMC stock is down about 6%. Last week, the stock was down almost 30%.

Jack Dawkins

Finance and Tech Contributor