Moolec Science (MLEC) recently shared an update on their progress in FY 2024. The company had a successful third quarter, with notable achievements such as receiving USDA-APHIS approval for their Piggy Sooy™ soybean product and making significant progress with their GLASO™ safflower planting campaign.
Financially, Moolec Science reported an increase in normalized revenues of around $1.3 million compared to the previous year. However, operational costs also rose as the company made strategic investments in their soy-protein ingredient business and research and development efforts. These milestones highlight Moolec’s dedication to sustainable and innovative food ingredient solutions.
As a result of these investments, MLEC’s stock price has seen positive growth. Investors can keep track of MLEC’s stock performance by visiting TipRanks’ Stock Analysis page for more information.