Blis Tech bottom line squeezed by supply chain challenges

Global supply chain constraints have hit Blis Technologies. (Image: Blis)

Tue, 31 May 2022

Blis Technologies, a manufacturer of probiotic strains, has posted an Ebitda (earnings before interest, taxes, depreciation, and amortisation) loss of $2.1 million against $9m in revenue in its latest financial results, blaming the impact of global supply chain constraints on its ingredients supply business.However, the company’s finished product revenue grew 41% with a 47% increase in online sales and a 27% increase in retail sales.Blis chief executive, Brian Watson, said: “We have continued our investment in new revenue streams re...

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