California Cannabis Co. Gold Flora Reports 150% YoY Increase In Q1 Gross Profit, Trims Loss Sequentially
California Cannabis Co. Gold Flora Reports 150% YoY Increase In Q1 Gross Profit, Trims Loss Sequentially
California cannabis company Gold Flora Corporation (Cboe Canada: GRAM) announced its first quarter financial results Wednesday for the three months ended March 31, 2024.
加州大麻公司Gold Flora Corporation（加拿大芝加哥期权交易所：GRAM）周三公布了截至2024年3月31日的三个月的第一季度财务业绩。
"Our Q1 2024 results reflect the work we have done to scale our operations to leverage the solid foundation we have built and realize the significant benefits of our vertical integration," said CEO Laurie Holcomb.
首席执行官劳里·霍尔科姆表示：“我们的2024年第一季度业绩反映了我们在扩大业务规模方面所做的工作，以利用我们已经建立的坚实基础并实现垂直整合的巨大好处。”
Q1 2024 Financial Highlights
2024 年第一季度财务摘要
- Total revenue was $32.2 million, representing a 13% sequential growth and 105% year-over-year.
- Gross profit was $10 million, representing a 31% gross margin, compared to $4 million in the same quarter of fiscal 2023, representing a 26% gross margin and $13.2 million in the prior period, representing a 46% gross margin.
- Adjusted gross profit of $17.4 million, representing a 54% adjusted gross margin compared to $6.9 million in the same quarter of fiscal 2023, representing a 44% gross margin and $18.7 million in the prior period, representing a 66% gross margin.
- Net loss was $13.7 million, compared to $9.3 million in the same quarter of 2023 and $42.2 million net loss in the previous quarter.
- Adjusted EBITDA came in negative at $1.8 million, compared to an adjusted EBITDA loss of $150 000 in the same quarter of last year, and a positive adjusted EBITDA of $105 000 in the prior quarter.
- Cash used in operating activities reduced to $4.4 million from $6.4 million in the fourth quarter of 2023, a sequential improvement of 31.3%.
- Cash and cash equivalents totaled $14.2 million as of March 31, 2024.
- 总收入为3,220万美元，连续增长13％，同比增长105％。
- 毛利为1000万美元，毛利率为31％，而2023财年同期为400万美元，毛利率为26％，上一期为1,320万美元，毛利率为46％。
- 调整后的毛利为1740万美元，调整后的毛利率为54％，而2023财年同期为690万美元，毛利率为44％，上一期为1,870万美元，毛利率为66％。
- 净亏损为1,370万美元，而2023年同期为930万美元，上一季度的净亏损为4,220万美元。
- 调整后的息税折旧摊销前利润为负180万美元，而去年同期调整后的息税折旧摊销前利润亏损为15万美元，上一季度调整后的息税折旧摊销前利润为10.5万美元。
- 用于经营活动的现金从2023年第四季度的640万美元减少到440万美元，连续增长31.3％。
- 截至2024年3月31日，现金及现金等价物总额为1,420万美元。
Gramlin Brand And Outlook
Gramlin 品牌与展望
Gold Flora significantly expanded its cultivation operations with the introduction of the Gramlin brand.
随着Gramlin品牌的推出，Gold Flora显著扩大了其种植业务。
The expansion increased the canopy space to 107k square feet, a more than double increment from the previous year. The launch of Gramlin, targeting high-volume consumers with affordable pricing and trendy packaging, aims to elevate sales of in-house products from 22% to 30%, as Benzinga's Nicolás Jose Rodriguez highlighted in his recent recap of cannabis analysts' reports.
扩建将树冠空间增加到10.7万平方英尺，比上年增长了两倍多。正如本辛加的尼古拉的何塞·罗德里格斯在最近对大麻分析师的报告回顾中所强调的那样，Gramlin的推出以实惠的价格和时尚的包装为目标客户，旨在将内部产品的销售从22％提高到30％。
Interested in the latest developments in the industry? Stay abreast at the upcoming Benzinga Cannabis Capital Conference in Chicago this Oct. 8-9. The two-day event is a chance for entrepreneurs, both large and small, to network, learn, and grow. Get your tickets now before prices surge by following this link.
对该行业的最新发展感兴趣吗？随时了解即将到来的情况 本辛加大麻资本会议 今年 10 月 8 日至 9 日在芝加哥。为期两天的活动为大小企业家提供了交流、学习和成长的机会。点击此链接，立即在价格飙升之前获取门票。
"Our ability to scale and rapidly act on market opportunities is one of our crucial competitive advantages and our latest brand launch, Gramlin, is a tremendous example of its potential," Holcomb said. "We were able to identify an underserved consumer demographic leveraging our retail insights and rapidly bring Gramlin to market in March at an unmatchable price point utilizing fresh strains grown at our indoor facilities."
霍尔科姆说：“我们扩大规模和快速抓住市场机会的能力是我们的关键竞争优势之一，而我们最新推出的品牌Gramlin是其潜力的一个很好的例子。”“我们得以利用我们的零售洞察力确定服务不足的消费者群体，并利用我们在室内设施种植的新鲜菌株，在3月份以无与伦比的价格将Gramlin迅速推向市场。”
Gold Flora's shares traded 1.61% lower at $0.305 per share at the time of writing on Wednesday.
在周三撰写本文时，Gold Flora的股价下跌1.61％，至每股0.305美元。
译文内容由第三方软件翻译。