Life sciences company Cellmid delivered wholesale revenue of $1.13 million recently opn QVC Japan.
The sales event took place on November 25 2019 and sales results were found to be quite levelled with the previous two events.
In June this year, wholesale revenue totalled $1.14 million and in November last year, sales were slighter less at $1.1 million.
Normally, shipping costs would be deducted from the wholesale revenue however, this is the first "Today's Special Value (TSV)" event when shipping costs will not be accrued.
This means net profit is expected to be significantly higher which is consistent with Cellmid's objective of reach operational profitability next year.