Kaival Group Releases Report on Increased Revenue in 2022 Q3
US e-cigarette company Kaival Group recently released a report stating that its revenue for the third quarter of the 2022 fiscal year was $3.8 million, up from $3.2 million for the same period last year. Its gross profit was $442,100, compared to a loss of $84,300 for the same period last year.
Kaval Group attributes a portion of its increased revenue to a court ruling in August that put on hold the Food and Drug Administration's (FDA) marketing denial order for the company's non-tobacco flavored Bidi Stick e-cigarette. The US appeals court found that the FDA did not adequately consider Kaval's marketing and access restrictions plan and ordered further review of the company's pre-market tobacco product application while allowing it to continue selling its product.
Eric Mose, President and Chief Operating Officer of Kewal Group, has announced that the company is partnering with Fimo International to sell their products in global markets.
The content of this article is excerpted or reprinted from third-party sources with ownership of copyrights belonging to the original media and authors. If there is any infringement, please contact us for deletion. Any units or individuals wishing to reprint must contact the author and refrain from direct reprinting.
This document has been generated through artificial intelligence translation and is provided solely for the purposes of industry discourse and learning. Please note that the intellectual property rights of the content belong to the original media source or author. Owing to certain limitations in the translation process, there may be discrepancies between the translated text and the original content. We recommend referring to the original source for complete accuracy. In case of any inaccuracies, we invite you to reach out to us with corrections. If you believe any content has infringed upon your rights, please contact us immediately for its removal.
