GLG Life Tech Corporation Reports Decline in First Quarter 2025 Revenue

GLG Life Tech Corporation, a leader in natural sweeteners, announced an 8% drop in revenue for Q1 2025, reaching $3.2 million, down from $3.5 million the previous year. This decline was attributed to reduced product prices and a base effect from early 2024's unusual order spike. Despite lower revenues, GLG managed a 44% reduction in SG&A expenses.

The company reported a net loss of $3.2 million, a $1.2 million improvement from Q1 2024's $4.4 million loss, mainly due to reduced foreign exchange losses and operating expenses. Meanwhile, the strategic transfer of Runhai Facility aims to mitigate risks associated with foreign-held assets in China.

GLG continues focusing on high-margin products to combat competitive pressures in the stevia market and bolster cash flow. The company's shares now trade on the NEX exchange, with efforts underway to resume trading following the lift of a cease-trade order.