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.
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.
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%.