Rubicon's Revenue Grows, Profit Margins Shrink In Q2– What's Next For This Canadian Cannabis Company?
Rubicon's Revenue Grows, Profit Margins Shrink In Q2– What's Next For This Canadian Cannabis Company?
"We are focused on delivering products and services that consistently meet the highest quality standards while maintaining our market leadership in the highly competitive cannabis industry. We are also advancing through the late stages of our debt financing negotiations, which I expect to be completed at similar terms to our existing debenture," added On Thursday, Rubicon Organics Inc. (OTC:ROMJF) reported a net revenue of CA$12.1 million for Q2 2024, reflecting a 7% increase from Q2 2023. However, the company's gross profit for the quarter was CA$4.05 million, down 12% from the previous year. This means that while Rubicon Organics is generating more sales overall, the amount of profit they keep after covering the costs of producing their products has decreased.
Rubicon Organics Inc.（OTC：ROMJF）週四報告，截至2024年第二季度，淨營業收入爲1210萬加元，較2023年第二季度增長7%。然而，該公司本季度的毛利潤爲405萬加元，比去年下降了12%。這意味着雖然Rubicon Organics總體上實現了更多的銷售業績，但在支付生產成本後他們保留的利潤金額卻減少了。
CEO Margaret Brodie highlighted Rubicon Organics' continued leadership in the premium cannabis market, with successful launches in the vape sector contributing to the company's growth.
首席執行官Margaret Brodie強調了Rubicon Organics在高端大麻市場的持續領導地位，成功推出的霧化器產品有助於公司的增長。
Brodie noted that the company's national distribution has reached over 40% of stores within the first two months of sales.
Brodie指出，公司的全國分銷已經在銷售的前兩個月達到了超過40%的商店。
"We are focused on delivering products and services that consistently meet the highest quality standards while maintaining our market leadership in the highly competitive cannabis industry. We are also advancing through the late stages of our debt financing negotiations, which I expect to be completed at similar terms to our existing debenture," added Janis Risbin, CFO of Rubicon Organics in a press release.
Rubicon Organics的首席財務官Janis Risbin在新聞稿中補充道：「我們致力於提供持續滿足最高質量標準的產品和服務，同時在競爭激烈的大麻行業中保持市場領先地位。我們同時正在推進債務融資的後期談判，我期望這與我們現有的債券條款相似。」
The decline in gross profit was attributed to a shift in consumer preferences toward larger format purchases, which typically yield lower margins. Gross profit before fair value adjustments stood at CA$3.65 million, a 21% decrease compared to Q2 2023.
毛利潤下降的原因是消費者偏好轉向更大規模的購買，這些購買通常具有較低的利潤率。合理價值調整前的毛利潤爲365萬加元，比2023年第二季度下降了21%。
Adjusted EBITDA And Cash Flow
調整後的EBITDA和現金流
Rubicon's adjusted EBITDA for Q2 2024 was CA$0.9 million, a decrease from CA$1.8 million in the same period last year.
Rubicon 2024年第二季度的調整後EBITDA爲90萬元，較去年同期的180萬元有所下降。
Despite this, the company generated CA$1.1 million in operating cash flow and reported a free cash flow of CA$0.7 million for the quarter.
儘管如此，該公司在本季度創造了110萬加元的經營現金流，並報告了70萬加元的自由現金流。
Risbin emphasized that these financial results were achieved while continuing to invest in an Enterprise Resource Planning (ERP) system to support future growth.
Risbin強調，這些財務結果是在繼續投資企業資源計劃（ERP）系統以支持未來增長的同時實現的。
These issues will be among the hot topics at the upcoming Benzinga Cannabis Capital Conference in Chicago this Oct. 8-9. Join us to get more insight into what the wave of weed legalization means for the future of investing in the industry. Hear directly from top executives, investors, advocates, and policymakers. Get your tickets now before prices go up by following this link.
這些問題將是即將到來的芝加哥Benzinga大麻資本會議的熱門話題，時間是10月8日至9日。加入我們，以獲取關於大麻合法化浪潮對該行業投資未來意味着什麼的更深入了解。直接聽取高管，投資者，倡導者和政策制定者的意見。在通過此鏈接購買門票之前，抓緊時間，因爲價格會上漲。
Photo: AI-generated image.
照片：人工智能生成的圖像。
譯文內容由第三人軟體翻譯。
