SLANG Q2 Revenue Declines 14.5% YoY, What About Adjusted EBITDA?
SLANG Q2 Revenue Declines 14.5% YoY, What About Adjusted EBITDA?
SLANG Worldwide Inc. (OTCQB:SLGWF) (CSE:SLNG) released financial results for the three months ended June 30, 2023, revealing revenue from continuing operations was CA$8.44 million, a decrease of 14.5% compared with CA$9.87 million Q2 2022.
俚語全球公司。(場外股票代碼：SLGWF)(CSE：SLNG)發佈了截至2023年6月30日的三個月的財務業績，披露收入從持續運營中解脫出來加元844萬加元一種下降14.5%與2022年第二季度的987萬加元相比。
Q2 2023 Financial Highlights
Q22023年金融亮點
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Gross profit of CA$4.4 million, a decrease of 3.3% compared with CA$4.5 million in Q2 2022.
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Gross margin of 52% compared to 43% in Q2 2022.
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Total comprehensive loss was CA$3.5 million, compared to a loss of CA$3.5 million in Q2 2022.
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Adjusted EBITDA was negative CA$762,000, compared to negative CA$704,000 in Q2 2022.
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CA$10.07 million in cash and restricted cash on June 30, 2023, compared to CA$11.67 million in cash and restricted cash on March 31, 2023. The company received an additional CA$1.63 million in ERTC (employee retention tax credit) from the Internal Revenue Service post quarter-end. As of August 15, 2023, SLANG had CA$11.23 million in cash and restricted cash compared to CA$11.92 million on December 31, 2022.
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毛利為440萬加元，較2022年第二季度的450萬加元下降3.3%。
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毛利率為52%，而2022年第二季度為43%。
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總綜合虧損為350萬加元，而2022年第二季度虧損為350萬加元。
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調整後的EBITDA為負762,000加元，而2022年第二季度為負704,000加元。
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2023年6月30日的現金和限制性現金為1007萬加元，而2023年3月31日的現金和限制性現金為1167萬加元。該公司在季度末後從美國國稅局獲得了另外163萬加元的ERTC(員工留任稅收抵免)。截至2023年8月15日，slang擁有1123萬加元的現金和限制性現金，而2022年12月31日為1192萬加元。
"In Q2 2023, SLANG achieved another significant milestone with our strongest adjusted gross margins to date, showcasing our dedication to driving financial results across all areas of the business. We also used the quarter to introduce a compelling range of new high-margin products, which will continue to position us as leaders in a rapidly evolving cannabis market," stated John Moynan, CEO of SLANG. "Our capacity to reduce operating expenses, streamline our vertically integrated operations, and introduce new higher-margin revenue channels in our core markets continues to drive our margin expansion and enhance our bottom-line growth. With a strong operational infrastructure in place to advance new growth initiatives, we are strategically focused on constant innovation for our customers in order to deliver today's most demanded cannabis brands to key cannabis markets nationwide."
SLANG在2023年第二季度實現了另一個重要里程碑，我們迄今調整後的毛利率最高，展示了我們致力於推動業務所有領域的財務業績。我們還利用該季度推出了一系列引人注目的高利潤率新產品，這將繼續使我們成為快速發展的大麻市場的領導者。約翰·莫伊南，俚語的首席執行官。我們降低運營成本、精簡垂直整合業務、在核心市場引入新的高利潤率收入渠道的能力繼續推動我們的利潤率擴大和增強我們的底線增長。隨著強大的運營基礎設施到位以推進新的增長計劃，我們從戰略上專注於為我們的客戶不斷創新，以便將當今需求最大的大麻品牌提供給全國關鍵的大麻市場。
Benzinga Cannabis Capital Conference
本辛加大麻首都會議
The Benzinga Cannabis Capital Conference, the place where deals get done, is returning to Chicago this Sept 27-28 for its 17th edition. Get your tickets today before prices increase and secure a spot at the epicenter of cannabis investment and branding.
Benzinga Cannabis Capital Conference是達成交易的地方，將於今年9月27日至28日返回芝加哥舉行第17屆。在價格上漲之前今天就買到票，並在大麻投資和品牌推廣的中心獲得一席之地。
Photo by Mackenzie Marco on Unsplash
Mackenzie Marco在Unspash上的照片
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譯文內容由第三人軟體翻譯。