Earnings Call Summary | LOWELL FARMS INC(LOWLF.US) Q2 2024 Earnings Conference
Earnings Call Summary | LOWELL FARMS INC(LOWLF.US) Q2 2024 Earnings Conference
Net loss for Q2 was $0.8 million, improved from a net loss of $2.9 million sequentially.The following is a summary of the Lowell Farms Inc. (LOWLF) Q2 2024 Earnings Call Transcript:
以下是Lowell Farms Inc. (LOWLF) Q2 2024業績會記錄摘要:
Financial Performance:
金融業績：
Q2 2024 net revenue was $3.5 million, down 27% sequentially and 35% year-over-year.
Gross margin was reported as negative 15.7%, reflecting operational challenges and reduced volume.
Net loss for Q2 was $0.8 million, improved from a net loss of $2.9 million sequentially.
Operating expenses were reduced to $1.6 million from $2.1 million sequentially as part of cost reduction initiatives.
Q2 2024淨營業收入爲350萬美元，環比下降27%，同比下降35%。
毛利率報告爲負15.7%，反映了運營挑戰和成交量減少。
Q2的淨虧損爲80萬美元，環比淨虧損減少290萬美元。
作爲成本削減計劃的一部分，營業費用從上一季度的210萬美元降至160萬美元。
Business Progress:
業務進展：
Lowell Farms exited its cultivation operations, focusing on high margin CPG products.
Added three new distributed brands and expanded sales force to grow market presence.
Engaged in co-manufacturing, generating approximately $100,000 in revenue.
Plans to utilize underused facilities more effectively and enhance operational efficiencies.
Lowell Farms退出種植業務，專注於高毛利率的消費品。
新增三個分銷品牌並擴大銷售團隊，以增加市場份額。
參與共同製造，創造大約10萬美元的收入。
計劃更有效地利用空置設施並提高運營效率。
Opportunities:
機會：
Expansion of sales force and addition of new retail brands aims to drive revenue growth.
Focus on co-manufacturing and utilizing underutilized assets to reduce operational costs and improve profitability.
擴大銷售團隊並增加新零售品牌，旨在推動營業收入增長。
專注於共同製造和利用閒置資產來降低運營成本並提高盈利能力。
Risks:
風險：
Operational challenges such as critical machine failures impacting production.
Continued negative gross margin indicating operational inefficiencies.
運營方面存在問題，如關鍵設備故障影響生產。
持續的負毛利潤表明運營效率低下。
More details: LOWELL FARMS INC IR
更多信息請參考LOWELL FARMS INC IR。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。