TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY The following table sets forth our Condensed Consolidated Balance Sheets for the periods ended Jand December 31, 2021: See non-GAAP financial measure discussion NET INCOME (LOSS) FROM CONTINUING OPERATIONS The following table sets forth our Condensed Consolidated Statements of Operations for the three and six-months ended Jand 2021:ĬONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS We believe we are well positioned for the future to grow shareholder value." While this has resulted in record high sales, we continue to remain disciplined in our cost management, while enhancing our ability to deliver an exceptional customer experience. Holman concluded, “We are investing strategically in the business, as evidenced by our acquisitions and new Healthy Choice Wellness Center locations. Jeffrey Holman, Chairman and Chief Executive Officer of HCMC, said, “We had a record-breaking quarter and are very pleased with our sales and margin performance for the business this was a significant achievement in a very challenging economic environment.” Gross margin from operations increased by approximately $1.3 million for the six-month period ended June 30, 2022, amounting to a record $4.3 million, compared to $3.0 million for the same period in 2021, a 45.7% year-over-year increase.Net sales from operations for the six-month period ended June 30, 2022, amounted to a record $11.2 million, compared to $6.9 million, an approximately $4.3 million and a record 63.2% increase versus the same period in 2021.Six Months 20 22 Results and Recent Highlights The balance of the prior year variance is primarily attributable to the closure of the retail stores in the vapor segment. It should be noted that over $0.5 million in non-recurring expenses were incurred during the three-month period ended June 30, 2022. Loss from operations for the three-month period ended June 30, 2022, amounted to approximately $1.4 million versus $0.7 million for the same period last year.Gross margin from operations increased by approximately $0.9 million for the three-month period ended June 30, 2022, amounting to $2.3 million, compared to $1.5 million for the same period in 2021, a 59.3% year-over-year increase.Net sales from operations for the three-month period ended June 30, 2022, amounted to $6.1 million, compared to $3.4 million, an approximately $2.7 million and 81.1% increase versus the same period in 2021.Second Quarter 20 22 Results and Recent Highlights : (OTC Pink: HCMC) today announced its financial results for the second quarter ended June 30, 2022. 01, 2022 (GLOBE NEWSWIRE) - Healthier Choices Management Corp. Record Gross Margin of $ 2.3 M for the Quarter 59. Record Sales of $ 6.1 M for the Second Quarter 81.1 % Year - Over-Year Growth
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