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Earnings Call Summary | TILT HOLDINGS INC(TLLTF.US) Q1 2024 Earnings Conference

Earnings Call Summary | TILT HOLDINGS INC(TLLTF.US) Q1 2024 Earnings Conference

業績電話會議摘要 | TILT HOLDINGS INC (TLLTF.US) 2024 年第一季度業績發佈會
富途資訊 ·  05/16 10:07  · 電話會議

The following is a summary of the TILT Holdings Inc. (TLLTF) Q1 2024 Earnings Call Transcript:

以下是TILT Holdings Inc.(TLLTF)2024年第一季度業績電話會議記錄的摘要:

Financial Performance:

財務業績:

  • TILT Holdings reported a decrease in Q1 2024 revenue to $37.5 million, primarily due to lower sales volume and price compression.

  • Gross margin decreased to 17.9% from 20.8% in Q1 2023, primarily due to lower average pricing.

  • TILT posted a net loss of $9.7 million, higher than the $4.9 million loss in the previous year due to lower gross profit and an $8.4 million gain on asset sales in Q1 2023.

  • Adjusted EBITDA was positive $38,000 in Q1 2024 as opposed to negative $79,000 in the same period the previous year, driven by improved operating cost controls.

  • Cash flow was negative $2.4 million compared to positive $3.8 million in the previous year. By end of March 2024, the company had cash and cash equivalents of $3.5 million.

  • TILT Holdings報告稱,2024年第一季度收入下降至3750萬美元,這主要是由於銷量下降和價格壓縮。

  • 毛利率從2023年第一季度的20.8%下降至17.9%,這主要是由於平均定價降低。

  • TILT公佈的淨虧損爲970萬美元,高於去年的490萬美元虧損,這是由於毛利下降和2023年第一季度資產銷售收益840萬澳元。

  • 受運營成本控制改善的推動,2024年第一季度調整後的息稅折舊攤銷前利潤爲正38,000美元,而去年同期爲負79,000美元。

  • 現金流爲負240萬美元,而去年同期爲正380萬美元。截至2024年3月底,該公司的現金及現金等價物爲350萬美元。

Business Progress:

業務進展:

  • TILT Holdings is strategically maximizing margins through product portfolio optimization, contract renegotiation, increased throughput in plant-touching businesses, and an overhaul of people, processes, and technology at Jupiter.

  • The company embarks on strengthening its customer relationships across plant-touching and Jupiter hardware businesses.

  • They are investing in maintenance CapEx for improved cannabis yields, potency, and cannabinoid profiles in Massachusetts, while preparing for adult-use sales in Ohio.

  • TILT refined and re-focused its strategy on cannabis brand partnerships in 2023 to align better with their inhalation strategy, adding strong brands to their portfolio.

  • Lastly, the company has begun receiving shipments from their manufacturing partner, Smoore's Indonesian facility, which it believes will positively affect the business.

  • TILT Holdings正在戰略性地通過產品組合優化、合同重新談判、提高工廠加工業務的吞吐量以及對Jupiter的人員、流程和技術進行全面改革,實現利潤最大化。

  • 該公司着手加強其在工廠觸控和木星硬件業務中的客戶關係。

  • 他們正在投資維持資本支出,以提高馬薩諸塞州的大麻產量、效力和大麻素概況,同時爲俄亥俄州的成人用途銷售做準備。

  • TILT在2023年完善了其戰略並將其重點重新放在大麻品牌合作伙伴關係上,以更好地與其吸入戰略保持一致,在其產品組合中增加了強大的品牌。

  • 最後,該公司已開始從其製造合作伙伴Smoore的印度尼西亞工廠接收貨物,該公司認爲這將對業務產生積極影響。

More details: TILT HOLDINGS INC IR

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