Safety Shot Releases Second Quarter 2024 Results and Corporate Highlights
2024年8月16日 - 9:30PM
Safety Shot, Inc. (Nasdaq: SHOT) (the Company) the revolutionary
wellness and dietary supplement company dedicated to the promotion
of responsible consumption of alcohol, has released its financial
results for its second quarter ended June 30, 2024 as well as a
corporate highlights for the quarter.
"We are very excited about our financial
performance and our achievements for the second quarter of 2024. A
dramatic increase in our revenues with a dramatic decrease in our
operating expenses only showcases Safety Shot’s determination to
bring value to stakeholders,” stated CEO Jarrett Boon. “We have
exciting things expected in the next couple of quarters and believe
they will serve as catalysts to further strengthen the company’s
financial results going forward. As we continue to execute our
business strategy, we remain focused on enhancing our growth
potential. This is illustrated by the promising clinical results
the company reported this month as well as new partnerships and new
product lines the company will be launching in the near
future.”
Second Quarter 2024
Highlights:
- Company reports a 40% increase in
sales in the second quarter compared to the first quarter.
- Company reports a 17.7% decrease in
operating expenses in the second quarter compared to the first
quarter, highlighting significant progress in Safety Shot’s
financial health.
- Company reveals significant new
findings from a recent clinical trial conducted at The Center for
Applied Health Sciences ("CAHS"). The double-blind, randomized,
placebo-controlled study evaluated the acute impact of Safety Shot
on consumer's Blood Alcohol Content ("BAC"), successfully
demonstrating remarkable and statistically significant results in
various measures related to alcohol consumption and the subsequent
rapid reduction of BAC. Within 30 minutes of consuming Safety Shot,
participants showed a 30%-50% faster rate of alcohol
reduction compared to the placebo group. Safety Shot's proprietary
blend of vitamins, minerals and botanical ingredients is now
clinically proven as the world's first formula to aid in the rapid
reduction of alcohol within the body.
- Company is advancing several
product formats and formulations to continue to offer a wide array
of products that can be purchased at various locations that
coincide with consumer shopping habits.
- Company announced that its
revolutionary formula will be released in new, convenient 4-ounce
bottles. Designed for easy on-the-go use, this new format ensures
that customers can enjoy the benefits of Safety Shot's
groundbreaking formula anytime, anywhere. The 4-ounce bottles are
anticipated to launch in Q3.
- Company’s R&D team has
successfully found a powdered solution that maintains 100% of the
efficacy of the world’s first alcohol-reducing product. Safety Shot
will offer a convenient stick pack in Q4.
- Company announced a partnership
with Capital Drugs as the brand expands its nationwide
availability. Making strides in connecting the brand to its
overarching wellness purpose, Safety Shot will be available in all
300 of the drugstore chain's pharmacies across the United
States.
- Company announced a strategic
partnership with Mr. Checkout, a national network of independent
distributors, full-line grocery distributors, and wagon-jobbers.
This partnership marks a significant milestone in Safety Shot's
mission to provide a revolutionary solution for responsible alcohol
consumption to the masses. Additional partnerships
include GoPuff, BevMo, and more.
About Safety Shot, Inc.
Safety Shot, Inc., a wellness and dietary
supplement company, has developed Safety Shot, the first patented
wellness product on Earth that lowers blood alcohol content by
supporting its metabolism, while boosting clarity, energy, and
overall mood. Safety Shot is available for purchase online
at DrinkSafetyShot.com and Amazon. The Company is
introducing business-to-business sales of Safety Shot to
distributors, retailers, restaurants, and bars throughout 2024.
Forward-Looking Statements
This press release includes certain disclosures
that contain “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995 about us and our
industry that involve substantial risks and uncertainties. All
statements other than statements of historical facts contained in
this press release, including statements regarding Safety Shot’s
ability to develop and commercialize a product that lowers blood
alcohol content, the timing, progress and results of non-clinical
studies and clinical trials, including our product development
plans and strategies, Safety Shot’s future results of operations or
financial condition, business strategy and plans, and objectives of
management for future operations, are forward-looking statements.
In some cases, you can identify forward-looking statements because
they contain words such as “anticipate,” “believe,” “contemplate,”
“continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,”
“potential,” “predict,” “project,” “should,” “target,” “will,” or
“would” or the negative of these words or other similar terms or
expressions. Forward-looking statements are based on Safety Shot’s
current expectations and are subject to inherent uncertainties,
risks and assumptions that are difficult to predict. Factors that
could cause actual results to differ include, but are not limited
to, our ability to comply with applicable U.S. and foreign laws,
rules, and regulations, product liability claims, our ability to
develop and market Safety Shot and the risks and uncertainties that
are described more fully in the section titled “Risk Factors” in
Safety Shot’s annual report on Form 10-K for the fiscal year ended
December 31, 2023, filed with the Securities and Exchange
Commission on April 1, 2024, and its other filings with the
Securities and Exchange Commission. Forward-looking statements
contained in this press release are made as of this date, and
Safety Shot undertakes no duty to update such information except as
required under applicable law.
Media and Investor Contact:
Autumn CommunicationsJess WeinbergerPhone:
201-213-3239Email: shot@autumncommunications.com
Investor RelationsMedon MichaelidesPhone:
561-244-7100Email: investors@drinksafetyshot.com
Safety Shot (NASDAQ:SHOT)
過去 株価チャート
から 7 2024 まで 8 2024
Safety Shot (NASDAQ:SHOT)
過去 株価チャート
から 8 2023 まで 8 2024