RE: National Acne Positivity Day19 Aug 2023 00:38
We could see this creeping up some more leading up to Sept 1st. Looks like the market is starting to catch on that SBTX has a very viable product in the AxisBiotix-Ps™ probiotic food supplement. The UK market has seen excellent retention rates of 80% with overall subscriptions growing on a month-by-month basis. Revenues have increased at a higher rate than in the year ending 30 June 2022, despite lower marketing spend as the business has adapted and focused its marketing strategy.
AxisBiotix-Ps™ was released for sale into Europe in the first half of 2023, with Spain and Italy the first countries to be targeted, followed by France. The business expects to see a gradual uplift in sales following the launches in these countries through the second half of 2023.
The next product in the AxisBiotix pillar will be a food supplement for alleviating the symptoms associated with acne. As announced in December 2022, the Company is working on a stabilised bacterial blend, and is now engaged both internally and externally (with formulation partners) on an end product which is expected to be tested in a consumer study in H2 2023. Assuming a positive outcome from the study, the Company will then seek to commercialise the product.
So as you can see, SBTX are doing good sales mostly in the UK but also in America, and now in Europe. There's a very good feel-good factor around the company and we could see us getting back to the heady days when we were in the 70s and 80s. Here's hoping, this just could be the start.