Earnings Call Summary | SLANG WORLDWIDE INC(SLGWF.US) Q4 2023 Earnings Conference
Earnings Call Summary | SLANG WORLDWIDE INC(SLGWF.US) Q4 2023 Earnings Conference
The following is a summary of the SLANG Worldwide Inc. (SLGWF) Q4 2023 Earnings Call Transcript:
以下是SLANG Worldwide Inc.（SLGWF）2023年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
SLANG Worldwide reported a gross profit of $18.68 million before fair value adjustment of biological assets in 2023, an increase of 6.0%.
The company successfully reduced operating expenses to $24.61 million, marking a 21% decrease.
Q4 2023 revenue was $7.42 million, a decrease of 37% compared to Q4 2022, mainly due to challenging market conditions in Colorado and Vermont.
Full fiscal year 2023 revenue also decreased by 7% YoY to $35.68 million.
The company reported an adjusted EBITDA loss of $1.9 million in fiscal 2023, an improvement from a loss of $3.65 million in fiscal 2022.
SLANG Worldwide報告稱，2023年生物資產公允價值調整前的毛利爲1868萬美元，增長6.0％。
該公司成功地將運營費用減少至2461萬美元，下降了21％。
2023年第四季度收入爲742萬美元，與2022年第四季度相比下降了37％，這主要是由於科羅拉多州和佛蒙特州充滿挑戰的市場狀況。
2023財年的全年收入也同比下降了7％，至3568萬美元。
該公司報告稱，2023財年調整後的息稅折舊攤銷前利潤虧損爲190萬美元，較2022財年的365萬美元虧損有所改善。
Business Progress:
業務進展：
SLANG Worldwide expanded into new markets, including Maryland and West Virginia in 2023, and plans to launch its vape brand in Arizona.
The company unveiled a 2-gram disposable vape line and launched a THC-Free product line which contributed to a 54% YoY increase in e-commerce sales.
SLANG has moved into Vermont's retail market with wholesale sales reaching over $1 million.
SLANG Worldwide於2023年擴展到新市場，包括馬里蘭州和西弗吉尼亞州，並計劃在亞利桑那州推出其電子煙品牌。
該公司推出了2克一次性電子煙系列，並推出了不含四氫大麻酚的產品系列，這使電子商務銷售額同比增長了54％。
SLANG已進入佛蒙特州的零售市場，批發銷售額超過100萬美元。
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譯文內容由第三人軟體翻譯。