Canadian Marijuana Company Reports 5th Consecutive Quarter Of Positive Cash Flow From Operations
Canadian Marijuana Company Reports 5th Consecutive Quarter Of Positive Cash Flow From Operations
Canadian cannabis company Avant Brands Inc. (TSX:AVNT) (OTCQX:AVTBF) (FRA:1BU0) reported its financial results for the third quarter of fiscal 2023, disclosing net revenue of CA$6.5 million ($4.8 million) up by 64% year-over-year and down by 18.75% sequentially.
加拿大大麻公司 Avant Brands Inc.（多伦多证券交易所股票代码：AVNT）（场外交易代码：AVTBF）（FRA: 1BU0） 报告了其2023财年第三季度的财务业绩， 披露净收入为650万加元（合480万美元），同比增长64％，环比下降18.75％。
"Q3 2023 continued our trend of delivering strong year-over-year sales growth, coupled with positive cash flow from operations," stated Norton Singhavon, CEO of Avant. "Furthermore, Q3 2023 was by far our best quarter for cannabis harvests, which sets the stage for additional sales growth in Q4 2023 and beyond."
他说：“2023年第三季度延续了我们实现强劲的销售同比增长的趋势，同时运营现金流为正。” 诺顿·辛哈文，Avant 首席执行官。“此外，2023年第三季度是我们迄今为止大麻收成最好的季度，这为2023年第四季度及以后的额外销售增长奠定了基础。”
See Also: Avant Q2 FY23 Net Revenue Grows 96% YoY, What About Adjusted EBITDA
另见：Avant 23财年第二季度净收入同比增长96％，调整后的息税折旧摊销前利润怎么样
Q3 Financial Highlights
第三季度财务摘要
-
Gross revenue was CA$7.5 million, up by 61% from the previous year, and down from a record CA$9 million in the second quarter.
-
Adjusted EBITDA was a gain of CA$900,000 compared to CA$200,000 a year ago, and CA$1.7 million in the previous quarter.
-
Net and comprehensive income amounted to CA$900,000 , compared to a net loss of CA$1.1 million in the same period of 2022, and net loss of CA$390,000 in the previous quarter.
-
Cash flow from operations after changes in non-cash working capital of CA$1.8 million, which compares to CA$1.6 million a year ago.
-
As at the end of Q3 2023 the company had approximately CA$1.7 million in cash, representing an increase of CA$0.9 million over Q2 2023. Working capital at the end of the period was CA$17.4 million.
-
总收入为 加州750 万美元， 比上年增长61％，低于第二季度创纪录的900万加元。
-
调整后的息税折旧摊销前利润为90万加元，去年同期为20万加元，上一季度为170万加元。
-
净收入和综合收益为90万加元，而2022年同期的净亏损为110万加元，上一季度的净亏损为390,000加元。
-
扣除非现金营运资金变动后的运营现金流为180万加元，而去年同期为160万加元。
-
截至2023年第三季度末，该公司拥有约170万加元的现金，比2023年第二季度增加了90万加元。期末的营运资金为1,740万加元。
Price Action
价格走势
Avant Brands closed Monday market session 1.13% higher at $0.13 per share.
See Also: Sundial, Canopy Growth And More: Analyst Examines The Race For The US Cannabis Market
Avant Brands周一收盘上涨1.13％，至每股0.13美元。
另见：Sundial、Canopy Growth 等：分析师研究了美国大麻市场的竞争
Did you miss the first wave of cannabis investments? Don't make that mistake again.
Experts believe cannabis stocks have found their floor and are now poised for unprecedented growth. Join Benzinga PotProfits. Benefit from Michael Berger's sharp analysis, revealing top cannabis stock opportunities and timely updates. Experience the potential of 10%+ returns in just 90 days. Our 4.5-star Marketfy rating speaks volumes. Secure your position in this booming sector with a 30-day money-back guarantee. The time to invest is now before everyone else realizes it. Secure your profits with Benzinga. Click here now to learn more.
你错过了第一波大麻投资浪潮吗？别再犯那个错误了。
专家认为 大麻库存已跌至最低水平 现在正准备实现前所未有的增长。 加入 Benzinga Pot Po 受益于迈克尔·伯杰的敏锐分析，该分析揭示了大麻股票的顶级机会和及时的最新消息。在短短 90 天内体验 10% 以上回报的潜力。我们的4.5星Marketfy评级足以说明问题。通过以下方式确保您在这个蓬勃发展的行业中的地位 30 天退款保证。 现在是其他人意识到投资的时候了。使用 Benzinga 确保您的利润。立即点击此处了解更多信息。
Photo: Courtesy of Richard T via Unsplash
照片：由 Richard T 通过 Unsplash 提供
译文内容由第三方软件翻译。