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The opportunity exists for wholesale investors to express interest in the secondary sale of shares in VaperTech.
VaperTech helps smokers become smoke-free. Vapertech operates New Zealand’s premier vape retail chain via 15 (soon to be 17) company owned outlets & e-commerce platform. With a goal of helping 100,000 smokers become smoke-free by 2025, Vapertech offers a range of exclusive next generation vaping products, including low and no nicotine options to assist customers on their journey. Vapertech is proud to have already helped over 25,000 New Zealanders become smoke-free.
Results for Financial Year 2022 are as follows:
| 2022 ($m) | 3 Year CAGR |
Revenue | 16.378 | 62.93% |
Gross Profit | 8.334 | 73.31% |
NPAT | 1.395 | 205.35% |
The company aims to help 100,000 smokers quit by 2025 - New Zealand's smoke free target date. The company has reported revenue of $16.3m FY 2022 and gross profits of $8.3mm with a CAGR of over 50% from FY2017 to FY 2022.
The Board forecasts Gross Profit to increase to $11.186m and $12.167m for the 2023 and 2024 calendar years respectively.
Further information is available upon completion of an NDA.
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