deri21
3 years ago
$BOMH Key Highlights from Boomer Naturals (OTCQB - BOMH) Business Update Call on Monday, January 25, 2021 at 4:30pm Eastern time10
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1/25/21 - Highlights from Boomer Holdings -BOMH management's business update call/webcast from Monday after the close
- Within Boomer's medical/PPE segment, management is seeing even further ability to leverage successful Vietnam based manufacturing/sourcing/US sell through of nano-silver technology infused masks/PPE into other product categories including apparel (silver infused) and Vietnamese coffee, which is a top seller across the APAC region. In light of this, discussions appear to be heating up with CVS and Coremark among others, which could broaden the scope of these major accounts and accelerate revenue over the next 6 months on top of what is already anticipated to be another high double digit y/y growth year for masks/PPE. Boomer Coffee could become a reality in the not too distant future and we could hear something in the near-term on this topic.
- Importantly, it was also noted on the call that gross margins across the non-botanical/CB5 segment should remain well above 65%, which leaves potential upside of at least 200bp/year to gross margin should Boomer botanics/CB5 begin contributing north of 10% of revenue and yield the 75%+ gross margin these products can generate. Our current fiscal 2021 and 2022 projections reflect these improvements. Post-covid normalization and regulatory hurdles continue to bode well for botanicals (over 80 skus) as a viable alternative to struggling hemp derived CBD wholesalers, particularly as Tommy Bahama re-opens and politicians drag their feet while hanging traditional CBD players out to dry.
- As an aside, a recent Harris poll commissioned by Boomer showed that up to 60% of the thousands queried would upgrade their mask standards to a nano-silver infused product even if it meant paying 10% or more. It helps that Boomer's masks and gaiters are touted by customers to be more comfortable, breathable and safer, which is why they're one of the most popular and more recognizable choices across the US thanks to aggressive PR and marketing spend. Interestingly, roughly 40% of those polled made clear that they would continue to wear a mask for the next several years as a precautionary measure even if there were to be conclusive evidence of vaccine efficacy and semblence of pre-covid normalization.
- Management remains confident - and as a result I remain confident that the company could continue to put up high double digit y/y top and bottom line growth over the next couple quarters (on easy y/y comp) and reaffirmed fiscal 2021 revenue and operating income guidance of up to $100-110 million and $25-30 million, respectively. Beginning from the current 2Q21 ending January 31, management will also be conducting regular earnings conference calls as they strive to meet all requirements for a National uplist within the next 6 months.
- BOMH stock is currently trading at roughly 1x NTM revenue and less than 4x EBITDA, when in our view it should be trading at minimum 3x this based on comps, GARP and virtually every other valuation metric applicable. Our 12-month target price remains $5/share.
AskMuncher
4 years ago
$BOMH Boomer Naturals to Present at the Sidoti Virtual 2020 Microcap Conference
Press Release | 11/12/2020
Boomer Naturals (the “Company”) (OTC: BOMH), a health and wellness company, today announced that Michael Quaid, Chief Executive Officer, is scheduled to present at the Sidoti Virtual 2020 Microcap Conference on Thursday, November 19, 2020 at 4:00 p.m. ET (1:00 p.m. PT).
A webcast of the presentation will be posted under the investor relations section of Boomer Holdings Inc. website at BoomerNaturals.com. A replay of the presentation will be available following the event.
The Company will also be participating in virtual on-on-one meetings. Please visit https://sidoticonference.com/events to register for the conference and schedule a one-on-one meeting.
About Boomer Naturals
Boomer Naturals is a wholly-owned subsidiary of Boomer Holdings Inc., a publicly traded company (OTC: BOMH). Boomer Naturals is a full-service wellness company that provides products and services that enhance your well-being and increase your quality of life. Boomer Naturals has two divisions, Healthy Living and Personal Protection Equipment. Healthy Living’s flagship product, Boomer Botanics, is an all-natural botanical blend that helps the body function at its prime. Boomer Naturals’ Healthy Living products are designed to balance the body and help decrease symptoms associated with physical, mental, and emotional health challenges. Product lines include Boomer Botanics, Golf Botanics, Pet Botanics, Tommy Bahama+Boomer Naturals CB5, SKIN Sunscreen, and medical-grade skin care products. Boomer Naturals Personal Protection Equipment offers consumers and businesses PPE of the highest quality with industry-leading reliability. The PPE division’s flagship product, Boomer Nano-Silver Reusable Protective Cloth Face Masks, are America’s best-selling consumer face masks. Boomer Naturals’ products are available online at BoomerNaturals.com, BoomerNaturalsWholesale.com, CVS.com, and TommyBahamaWellness.com. Boomer Naturals’ products are also available at the Boomer Naturals retail store, CVS retail locations, Tommy Bahama retail locations, and resorts and golf shops across the country. For more information, please visit www.boomernaturals.com.
Forward Looking Statements
Statements in this document contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on many assumptions and estimates and are not guarantees of future performance. These statements may involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Our actual results may differ materially from the results anticipated in these forward-looking statements due to a variety of factors, including, without limitation, economic, political, regulatory, capital markets and other external conditions and other factors beyond the Company's control, risks related to public health crises such as the global pandemic associated with the coronavirus (COVID-19), and those set forth as "Risk Factors" in our filings with the Securities and Exchange Commission ("SEC"). There may be other factors not mentioned above or included in the Company's SEC filings that may cause actual results to differ materially from those projected in any forward-looking statement. The Company assumes no obligation to update any forward-looking statements as a result of new information, future events or developments, except as required by securities laws.
View source version on businesswire.com: https://www.businesswire.com/news/home/20201112005845/en/
AskMuncher
4 years ago
$BOMH Boomer Naturals Provides Fourth Quarter and Full Year Fiscal 2020 Results and Business Update
Press Release | 11/09/2020
Boomer Naturals (the “Company”) (OTC: BOMH), a health and wellness company, today provided a business update on the Company’s operations in conjunction with the filing of its form 10-K for the full year ended July 31, 2020.
Management Comments
Mike Quaid, the Company’s Chief Executive Officer, stated, “Our company has successfully expanded into the Personal Protective Equipment category in response to the urgent need for these products and our unique access to manufacturing capacity in Vietnam. PPE is a natural extension of our established health and wellness product lines. Based on this expansion, we made the strategic decision to have an initial increase in advertising in the fourth quarter to highlight our superior PPE offerings which increased advertising expenses in the fiscal fourth quarter. This initial advertising blitz helped establish our brand and we believe has us very well positioned to achieve revenue in the range of $26 to $29 million in the fiscal first quarter of 2021 and generate positive operating income. The response from customers, wholesalers and retailers has been tremendous and we believe has us very well positioned for continued growth in both lines of our business. We expect the advertising spend going forward will dramatically decrease compared to the fourth quarter of fiscal 2020."
Fiscal Fourth Quarter 2020 and Recent Accomplishments:
Boomer Naturals Launches PPE Division
In April 2020, the Company expanded its health and wellness offerings to include personal protection equipment (PPE), featuring its doctor-recommended, W.H.O. compliant, three-layer cotton/polyester reusable face mask enhanced with nano-silver technology. The Company offers a full range of personal health products including: hand sanitizer, safety gloves, nano-silver gaiters, single use masks, ear savers, face shields, and safety glasses. Product demand has exceeded expectations and the Company has accordingly experienced significant sales growth.
Boomer Naturals began direct shipment of its flagship PPE products to a national pharmacy chain with over 8,000 locations and has had many repeat orders. In addition it has shipped product to a leading insurance company.
Boomer Naturals Healthy Living Continues to Expand Distribution and Awareness
Boomer Naturals’ flagship Boomer Botanics products which come in a variety of sizes, flavors, and applications including tinctures, gummies, pain relief products (e.g., roll-ons and creams), have seen sales continue to grow during the COVID-19 pandemic. These products can be found online at boomernaturals.com. The Company also produces the Tommy Bahama+Boomer Naturals co-branded collection of wellness products that are available nationwide at Tommy Bahama retail locations and tommybahamawellness.com.
Boomer Naturals Enhances Supply Chain Capabilities
Boomer Naturals fortifies its PPE product sourcing in Vietnam. The Company’s leadership team enjoys long-standing, personal relationships in Vietnam, a country with robust manufacturing capabilities and provides a reliable supply source.
The Company secures exclusive supply agreements with its primary face mask manufacturers for the North American market and expects to expand this relationship to provide additional products to the company’s leading national pharmacy chain.
The Company expands its warehouse footprint to accommodate increased order volumes. Warehouse capacity has tripled since April 2020 and now stands at 30,000 square feet.
Boomer Naturals Grows eCommerce Business
More than 250,000 orders have been processed for year-to-date across the Company’s three consumer-facing websites: www.boomernaturals.com, www.tommybahamawellness.com, and www.boomerfacemasks.com.
The Company developed and aired promotional/educational content on national television, radio and social media platforms to educate consumers and increase overall brand awareness. This direct-to-consumer interaction is expected to generate significant online sales through the Boomer Naturals website and through its brick and mortar partners.
Fourth Fiscal Quarter of 2020 Financial Results
Revenue for the fiscal fourth quarter of 2020 was $9.8 million compared to $68,000 in the fiscal fourth quarter of 2019. The improvement in revenue is primarily the result of the strategic decision by management to launch PPE products during the fourth quarter of 2020.
Gross margin for the fiscal fourth quarter of 2020 was 70%, compared to last year’s fiscal fourth quarter gross margin of 62%. The increase in gross margin was primarily due to the increase in revenue during the current year from expanding the Company’s offerings to face coverings and other products within Personal Protective Equipment category, as well as sales, retail and wholesale income from customers that purchased our Boomer Botanics wellness products.
Operating Expenses increased to $17 million for the fiscal fourth quarter of 2020 compared to $606,000 for the same period last year. The change was primarily driven by the strategic decision to increase advertising and marketing to $12.7 million for only this quarter, compared to $101,000 in the same period last year. This will be a one-time increase in advertising and will dramatically decrease going forward.
Operating loss for the fourth quarter of 2020 increased to a loss of $10.2 million as compared to a loss of $565,000 for the fourth quarter of 2019. This increase in loss is principally attributable to the increase in advertising and marketing expenses.
As of July 31, 2020, the Company had approximately $4.2 million of cash, and approximately $3.6 million of inventory on its balance sheet. Boomer has financed operations primarily from either borrowing from the Company’s line of credit or from related parties and the issuance of our securities. As of July 31, 2020 net cash provided by financing activities was $9,458,722.
Full Fiscal Year of 2020 Financial Results
Our revenue during the year ended July 31, 2020 was $11.5 million coming from PPE products, sales, retail, and wholesale income from customers that purchased our wellness products, compared to $67,675 from these revenue sources for the same period one year ago. We expect the revenue we receive from PPE to increase meaningfully in the near future and expect wellness products to continue to grow from current levels.
Overall, operating expenses increased for the year ended July 31, 2020, to the amount of $22.7 million as compared to $606 thousand for the same period ended 2019 as the Company ramped up operations. The increase was primarily due to a strategic decision to increase advertising and marketing related to the initial launch of the Company’s PPE products. The Company also increased its payroll for additional employees, general and administrative expense due to increased payroll and administrative expenses resulting from the Company’s growth. We expect a decrease in advertising and marketing expenses during the first quarter of 2021.
The Company had $15.6 million in net loss for the year ended July 31, 2020 compared to a net loss of $564 thousand for the year ended July 31, 2019.
GUIDANCE
The Company expects to generate fiscal first quarter 2021 ending October 31, 2021 revenue in the range of $26 to $29 million.
The Company expects to generate positive operating income in the fiscal first quarter of 2021 ending October 31, 2021.
About Boomer Naturals
Boomer Naturals is a wholly-owned subsidiary of Boomer Holdings Inc., a publicly traded company (OTC: BOMH). Boomer Naturals is a full-service wellness company that provides products and services that enhance your well-being and increase your quality of life. Boomer Naturals has two divisions, Healthy Living and Personal Protection Equipment. Healthy Living’s flagship product, Boomer Botanics, is an all-natural botanical blend that helps the body function at its prime. Boomer Naturals’ Healthy Living products are designed to balance the body and help decrease symptoms associated with physical, mental, and emotional health challenges. Product lines include Boomer Botanics, Golf Botanics, Pet Botanics, Tommy Bahama+Boomer Botanics, SKIN Sunscreen, and medical-grade skin care products. Boomer Naturals Personal Protection Equipment offers consumers and businesses PPE of the highest quality with industry-leading reliability. The PPE division’s flagship product, Boomer Nano-Silver Reusable Protective Cloth Face Masks, are America’s best-selling consumer face masks. Boomer Naturals’ products are available online at BoomerNaturals.com, BoomerNaturalsWholesale.com, CVS.com, and TommyBahamaWellness.com. Boomer Naturals’ products are also available at the Boomer Naturals retail store, CVS retail locations, Tommy Bahama retail locations, and resorts and golf shops across the country. For more information, please visit www.boomernaturals.com.
Forward Looking Statements
Statements in this document contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on many assumptions and estimates and are not guarantees of future performance. These statements may involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future, except as required by securities laws. Our actual results may differ materially from the results anticipated in these forward-looking statements due to a variety of factors, including, without limitation, economic, political, regulatory, capital markets and other external conditions and other factors beyond the Company's control, risks related to public health crises such as the global pandemic associated with the coronavirus (COVID-19), and those set forth as "Risk Factors" in our filings with the Securities and Exchange Commission ("SEC"). There may be other factors not mentioned above or included in the Company's SEC filings that may cause actual results to differ materially from those projected in any forward-looking statement.
AskMuncher
4 years ago
$BOMH Boomer Naturals to Present at the October 2020 Lytham Partners Virtual Investor Growth Conference
Press Release | 10/05/2020
Boomer Naturals to Present at the October 2020 Lytham Partners Virtual Investor Growth Conference
PR Newswire
LAS VEGAS, Oct. 5, 2020
LAS VEGAS, Oct. 5, 2020 /PRNewswire/ -- Boomer Naturals (OTC: BOMH), a health and wellness company, today announced is scheduled to participate in a virtual presentation and fireside chat at the October 2020 Lytham Partners Virtual Investor Growth Conference on Tuesday, October 6, 2020 at 11:00 a.m. ET (8:00 a.m. PT).
A webcast of the presentation will be posted under the investor relations section of Boomer Holdings Inc. website at BoomerNaturals.com can be accessed at https://www.webcaster4.com/Webcast/Page/2510/37768 or www.lythampartners.com/virtual. A replay of the presentation will be available following the event.
Management will also be participating in virtual one-on-one meetings. To arrange a meeting, please contact Lytham Partners at 1x1@lythampartners.com or visit www.lythampartners.com/virtual.
About Boomer Naturals
Boomer Naturals is a wholly-owned subsidiary of Boomer Holdings Inc., a publicly traded company (OTC: BOMH). Boomer Naturals is a full-service wellness company that provides products and services that enhance your well-being and increase your quality of life. Boomer Naturals has two divisions, Healthy Living and Personal Protection Equipment. Healthy Living's flagship product, Boomer Botanics, is an all-natural botanical blend that helps the body function at its prime. Boomer Naturals' Healthy Living products are designed to balance the body and help decrease symptoms associated with physical, mental, and emotional health challenges. Product lines include Boomer Botanics, Golf Botanics, Pet Botanics, Tommy Bahama+Boomer Naturals CB5, SKIN Sunscreen, and medical-grade skin care products. Boomer Naturals Personal Protection Equipment offers consumers and businesses PPE of the highest quality with industry-leading reliability. The PPE division's flagship product, Boomer Nano-Silver Reusable Protective Cloth Face Masks, are America's best-selling consumer face masks. Boomer Naturals' products are available online at BoomerNaturals.com, BoomerNaturalsWholesale.com, and TommyBahamaWellness.com. Boomer Naturals' products are also available at the Boomer Naturals retail store, CVS retail locations, Tommy Bahama retail locations, and resorts and golf shops across the country. For more information, please visit www.boomernaturals.com.
Forward Looking statements
Statements in this document contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on many assumptions and estimates and are not guarantees of future performance. These statements may involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Our actual results may differ materially from the results anticipated in these forward-looking statements due to a variety of factors, including, without limitation, economic, political, regulatory, capital markets and other external conditions and other factors beyond the Company's control, risks related to public health crises such as the global pandemic associated with the coronavirus (COVID-19), and those set forth as "Risk Factors" in our filings with the Securities and Exchange Commission ("SEC"). There may be other factors not mentioned above or included in the Company's SEC filings that may cause actual results to differ materially from those projected in any forward-looking statement. The Company assumes no obligation to update any forward-looking statements as a result of new information, future events or developments, except as required by securities laws.
Media:
Cory Ziskind
ICR
646-277-1232
Cory.Ziskind@icrinc.com
Investor:
John Mills
ICR
646-277-1254
John.Mills@icrinc.com
DDHOUND
4 years ago
ITEM 2.01 COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS.
Merger With Boomer
As described above, on January 7, 2020, the Company executed an Agreement of Merger and Plan of Share Exchange (the “Exchange Agreement”), with BNW, Boomer Naturals Holdings, Inc., a Nevada corporation (“Boomer”), Boomer Naturals, Inc., and the shareholders of Boomer (the “Exchange”). Pursuant to the Agreement, the Company agreed to acquire all of the outstanding shares of Boomer in exchange for the issuance the Exchange Shares and the Majority Shareholder agreed to retire 8,000,000 shares of the Company’s Common Stock. As a result of the Exchange, Boomer became a wholly-owned subsidiary of the Company and the Company adopted the business plan of Boomer. Following the consummation of the Exchange, the Boomer Shareholders will beneficially own approximately Ninety-Four (94%) of the issued and outstanding Common Stock of the Company. The parties have taken the actions necessary to provide that the Exchange is treated as a “tax free exchange” under Section 368 of the Internal Revenue Code of 1986, as amended. The Exchange Agreement contains customary representations, warranties and covenants of the Company and Boomer for like transactions.
DDHOUND
4 years ago
ITEM 2.01 COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS.
Merger With Boomer
As described above, on January 7, 2020, the Company executed an Agreement of Merger and Plan of Share Exchange (the “Exchange Agreement”), with BNW, Boomer Naturals Holdings, Inc., a Nevada corporation (“Boomer”), Boomer Naturals, Inc., and the shareholders of Boomer (the “Exchange”). Pursuant to the Agreement, the Company agreed to acquire all of the outstanding shares of Boomer in exchange for the issuance the Exchange Shares and the Majority Shareholder agreed to retire 8,000,000 shares of the Company’s Common Stock. As a result of the Exchange, Boomer became a wholly-owned subsidiary of the Company and the Company adopted the business plan of Boomer. Following the consummation of the Exchange, the Boomer Shareholders will beneficially own approximately Ninety-Four (94%) of the issued and outstanding Common Stock of the Company. The parties have taken the actions necessary to provide that the Exchange is treated as a “tax free exchange” under Section 368 of the Internal Revenue Code of 1986, as amended. The Exchange Agreement contains customary representations, warranties and covenants of the Company and Boomer for like transactions.
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