Decibel's Net Revenue Grew 75% To $52M In 2021, Six Consecutive Quarters Of Positive Adjusted EBITDA

Decibel Company Inc. (OTCQB: DBCCF) (TSXV:DB) released its year-end audited financial results for the three and twelve month periods ending December 31, 2021.

Key Financial Highlights – Fiscal Year 2021

  • Net revenue of $52 million in 2021, an increase of 75% from 2020.

  • Gross profit of $18 million in 2021, an increase of 53% from 2020.

  • Positive adjusted EBITDA of $7.4 million in 2021, an increase of 386% from 2020.

"Decibel continues to execute on its strategy to accelerate revenue growth and deliver new, unique and innovative choices to consumers. The success achieved through 2021 with record market share demonstrates the strength we've created in our brands, and our dedication towards our customers", stated Paul Wilson, CEO of Decibel. "Our momentum has accelerated into 2022, and we are gaining great traction across our products and brands, particularly with our recent …

Full story available on Benzinga.com

More Decibel's Net Revenue Grew 75% To $52M In 2021, Six Consecutive Quarters Of Positive Adjusted EBITDA