Ecofibre (ASX:EOF) announced financial results for the quarter ended 30 September 2022.

1Q23 revenue $8.2m, up 11% on prior quarter.

Ananda Health delivered three key milestones.

Hemp Black signed an initial 3-year supply contract for new turf yarn with Tencate Grass, which will increase revenue by a full-year run rate of c.USD4m p.a. representing a c.90% increase in annual revenues for the turf manufacturing line.

Ananda Food harvested 230ha of fibre seed crop in Australia for sale to AUS and US farmers in Q2 and Q3, respectively.

Cash as at 30 September: $9.7m.

Following the announcement the company?s share price unchanged.