Zinzino announced its financial results for the third quarter of 2024. Revenue for the quarter grew 22% to $48 million. Gross profit was $16 million with a gross profit margin of 33.6%. EBITDA was $5.7 million with an EBITDA margin of 11.8%.
Year-to-date revenue was $135.4 million, representing a growth of 21%. Gross profit during this time was $46.6 million with a gross profit margin of 34.4%. EBITDA for the period between January and September was $16.1 million with an EBITDA margin of 11.9%.
In a statement, the company said its EBITDA margin was compared to a very strong third quarter last year and the change was mainly due to the “marginally weaker gross profit for the quarter because of increased raw material prices and normalized distributor compensation.”
The company ended the quarter with cash and cash equivalents of $29.1 million.