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The Flowr Corp. Revenue Gows 64% In 2021, Achieves Record Quarterly Revenue Thansk To This

Benzinga Real-time News ·  May 23, 2022 21:35

The Flowr Corporation(OTCPK:FLWPF) (TSX.V:FLWR) released its financial and operational results for the fourth quarter and fiscal year ended December 31, 2021, revealingnet revenuefor the full year2021totaled$12.35 millioncompared with $7.51 million in 2020, representing a 64% increase.

Q4 2021Financial Highlights

  • Consolidatednet revenueduringQ42021 was$3,801, 138% higher than the $1,600 earned in Q4 2020. Net revenue for Q4 2021 wasthe highest quarterly revenue recorded by the company since inception, contributed by increases in cannabis sales in Flowr Canada.

  • Net losswas$63.86 million, compared to net loss of $99.75 million in Q4 2020.

  • AdjustedEBITDAlosswas$5.15 millioncompared to a loss of $5.38 million in Q4 2020.

Full Year 2021 Financial...

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