NovaBay's eyecare sales reached $4.8 million in H1 2024, aiming for $10 million by year-end.
Sales and marketing expenses decreased by 13%, while gross margin increased to 66%.
The company saw a 123% increase in Avenova Subscribe & Save customers on Amazon.
NovaBay completed a capital raise, securing $3.9 million in gross proceeds.
The company is not planning international expansion on its own, focusing on strategic partnerships.