SLANG Q1 Revenue Grows 29% YoY, Here Are The Details
SLANG Q1 Revenue Grows 29% YoY, Here Are The Details
SLANG Worldwide Inc. (OTCQB:SLGWF) (CSE:SLNG) released financial results for the three months ended March 31, 2023, revealing revenue from continuing operations was CA$10.82 million, ($8 million) an increase of 29% compared with CA$8.37 million in Q1 2022. The primary drivers of the increase were due to an increase in the companyâ€s core market sales of CA$2.05 million in Vermont and CA$780,000 in Colorado, offset by a reduction in emerging market sales. The increase in Vermont was driven by the opening of the company's CERES Collaborative dispensary on October 1, 2022.
俚語全球公司。(場外股票代碼：SLGWF)(CSE：SLNG)發佈了截至2023年3月31日的三個月的財務業績，披露持續運營的收入為1082萬加元，(800萬加元)，與2022年第一季度的837萬加元相比增長29%。增長的主要原因是Â歐元S公司在佛蒙特州和科羅拉多州的核心市場銷售額分別增加了205萬加元和780,000加元，但新興市場銷售額的下降抵消了這一增長。佛蒙特州的增長是由該公司於2022年10月1日開設的Ceres協作藥房推動的。
Q1 2023 Financial Highlights
Q12023年金融亮點
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Gross profit of CA$5.72 million (53% gross margin) in Q1 2023, compared with CA$3.66 million (44% gross margin) in Q1 2022, representing a 56% increase year-over-year.
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Adjusted EBITDA of CA$740,000 in Q1 2023, compared with negative CA$1.64 million in Q1 2022. The improvement in adjusted EBITDA is primarily attributable to a CA$2.04 million increase in gross profit before fair value adjustments of biological assets. Further reductions in operating expenditures such as consulting and subcontractors also contributed to the improvement in adjusted EBITDA.
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CA$11.67 million in cash and restricted cash on March 31, 2023, compared to CA$11.92 million on December 31, 2022.
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2023年第一季度的毛利為572萬加元(毛利率為53%)，而2022年第一季度的毛利為366萬加元(毛利率為44%)，同比增長56%。
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2023年第一季度調整後的EBITDA為740,000加元，而2022年第一季度為負164萬加元。經調整EBITDA的改善主要歸因於生物資產公允價值調整前毛利增加204萬加元。諮詢和分包商等業務支出的進一步減少也有助於調整後EBITDA的改善。
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截至2023年3月31日，現金和限制性現金為1167萬加元，而2022年12月31日為1192萬加元。
"SLANG's results from Q1 FY2023 again demonstrated the strength of the SLANG business model and our ability to thrive in the country's most competitive cannabis markets, and create a differentiated financial profile. By operating in a flexible and scalable manner to effectively compete in each specific cannabis market where we operate, we have now produced positive adjusted EBITDA, our first quarter of positive EBITDA, our second consecutive quarter of positive operational cash flow, and our highest quarterly adjusted margins to date, of 52%. We anticipate this positive momentum to continue through fiscal 2023 as we further elevate our market position and continue to drive top and bottom-line results," stated John Moynan, CEO of SLANG.
SLANG在2023財年第一季度的業績再次證明瞭俚語商業模式的力量，以及我們在該國競爭最激烈的大麻市場蓬勃發展的能力，並創造了差異化的財務狀況。通過以靈活和可擴展的方式運營，以便在我們運營的每個特定大麻市場有效競爭，我們現在產生了調整後的EBITDA為正，我們的第一季度EBITDA為正，我們的運營現金流連續第二個季度為正，我們的季度調整後利潤率最高，為52%。我們預計，隨著我們進一步提升市場地位，繼續推動頂線和底線業績，這種積極的勢頭將持續到2023財年。約翰·莫伊南，俚語的首席執行官。
Photo by Tim Foster on Unsplash .
照片由蒂姆·福斯特在Unspash上拍攝。
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譯文內容由第三人軟體翻譯。