Village Farms' Record Q4 Sales Propel It To #2 In Canada's Cannabis Market
Village Farms' Record Q4 Sales Propel It To #2 In Canada's Cannabis Market
Village Farms International Inc. (NASDAQ:VFF), a Canadian cannabis producer, reported Wednesday its financial results for the fourth quarter and the entirety of 2023. The company showcased a remarcable year with record Q4 sales, marking a significant year-over-year increase.
加拿大大麻生產商鄉村農場國際公司（納斯達克股票代碼：VFF）週三公佈了第四季度和整個2023年的財務業績。該公司以創紀錄的第四季度銷售額實現了非凡的一年，同比大幅增長。
Q4 2023 Financial Highlights
2023 年第四季度財務摘要
- Revenue increased 7% year-over-year to $74.2 million from $69.5 million
- Net loss was $22.5 million, decreasing from the $49.3 million of the same period last year
- Adjusted EBITDA loss was $0.66 million, improving from $11.8 million loss in Q4 2022
- Canadian Cannabis delivered 14% year-over-year sales increase, positive adjusted EBITDA and cash flow
- 收入同比增長7％，從6,950萬美元增至7,420萬美元
- 淨虧損爲2,250萬美元，低於去年同期的4,930萬美元
- 調整後的息稅折舊攤銷前利潤虧損爲66萬美元，高於2022年第四季度的1180萬美元虧損
- 加拿大大麻銷售額同比增長14％，調整後的息稅折舊攤銷前利潤和現金流爲正
Full 2023 Financial Highlights
2023 年完整財務摘要
- Revenue was $285.6 million, a slight decrease compared to the $293.6 from previous year
- Net loss was $31.8 million, a notable improvemement from the $101.1 million of FY 2022
- Adjusted EBITDA was $7.6 million, a notable increase from the $34.7 million loss from 2022
- Cash flow from operations improves significantly to $5.3 million
- 收入爲2.856億美元，與去年的293.6美元相比略有下降
- 淨虧損爲3180萬美元，與2022財年的1.011億美元相比有了顯著改善
- 調整後的息稅折舊攤銷前利潤爲760萬美元，較2022年的3,470萬美元虧損顯著增加
- 運營現金流顯著改善至530萬美元
In Q4, the Canadian cannabis segment saw a 14% sales boost, also marked by positive adjusted EBITDA across all key segments, including U.S. cannabis and fresh produce.
在第四季度，加拿大大麻板塊的銷售額增長了14％，包括美國大麻和新鮮農產品在內的所有關鍵細分市場的調整後息稅折舊攤銷前利潤也爲正數。
For 2023, the company narrowed its net loss per share to ($0.29) and significantly improved its adjusted EBITDA. Canadian Cannabis operations stood out with a substantial increase in net income and adjusted EBITDA, contributing to the overall positive financial trajectory.
2023年，該公司將每股淨虧損縮小至（0.29美元），並顯著提高了調整後的息稅折舊攤銷前利潤。加拿大大麻業務以淨收入和調整後的息稅折舊攤銷前利潤大幅增長而脫穎而出，爲整體財務走勢做出了積極貢獻。
Also, Village Farms embarks on European expansion, setting the stage for international cannabis market leadership with its first production facility in the Netherlands.
此外，Village Farms開始在歐洲擴張，在荷蘭設立了首個生產設施，爲國際大麻市場的領導地位奠定了基礎。
CEO's Commentary
首席執行官的評論
Village Farms International's president and CEO, Michael DeGiglio, expressed optimism about the company's trajectory, highlighting the Canadian Cannabis business's sustained leadership through record sales and positive financial measures in the fourth quarter.
Village Farms International總裁兼首席執行官邁克爾·德吉格里奧對公司的發展軌跡表示樂觀，他強調了加拿大大麻業務在第四季度通過創紀錄的銷售額和積極的財務指標保持了持續的領導地位。
DeGiglio pointed to the strategic advantage gained from improved supply conditions and a more favorable operating environment, noting, "We reclaimed the number two national market share rank across all categories and are steadily closing the gap on the top position." His commentary underlined the significance of operational advancements, market share gains, and the potential uplift from regulatory improvements within the cannabis sector.
Degiglio指出，供應條件的改善和更有利的運營環境帶來了戰略優勢，並指出：“我們在所有類別中奪回了全國市場份額第二位，並正在穩步縮小與頭把交椅的差距。”他的評論強調了運營進步、市場份額增長的重要性以及大麻行業監管改善帶來的潛在提振。
VFF Price Action
VFF's shares were trading 3.72% lower at $0.713 per share at the time of this writing around 3:30 PM ET Wednesday.
VFF 價格走勢
在撰寫本文時，美國東部時間週三下午3點30分左右，VFF的股價下跌3.72％，至每股0.713美元。
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