SLANG Cannabis Co. Explores Strategic Alternatives Amid Q2 2024 Revenue Drop And Cash Flow Challenges
SLANG Cannabis Co. Explores Strategic Alternatives Amid Q2 2024 Revenue Drop And Cash Flow Challenges
SLANG Worldwide Inc. (CSE:SLNG) (OTCQB:SLGWF) reported its financial results on Tuesday for the second quarter, three months ended June 30, 2024.
SLANG Worldwide Inc.（cse:SLNG）（otcqb:SLGWF）於2024年6月30日結束的第二季度報告了其財務業績。
The Toronto-based consumer packaged goods company, reported a 26% year-over-year decrease in revenue to CA$6.28 million ($4.7 million) in the second quarter.
這家總部位於多倫多的包裝消費品公司報告稱，第二季度營業收入下降了26%，至628萬加元（470萬美元）。
SLANG attributed the downward trend to a CA$1.78 million drop in core market sales, a decrease of CA$0.20 million in emerging market sales, a decrease of CA$0.09 million in e-commerce sales and a decrease of CA$0.09 million in distribution sales. Within the core market segment, the company experienced a reduction of CA$0.51 million and CA$1.27 million in sales in Colorado and Vermont, respectively.
SLANG將這一下滑趨勢歸因於核心市場銷售下跌178萬加元，新興市場銷售下降20萬加元，電子商務銷售下降9萬加元，分銷銷售下降9萬加元。在覈心市場領域，該公司在科羅拉多州和佛蒙特州的銷售額分別減少了51萬加元和127萬美元。
Read Also: SLANG Worldwide Q1 Revenue Drops 35% YoY, Touts E-Commerce Segment Improvement Thanks To CBD Gummy Brand
查看還有：SLANG Worldwide第一季度營收同比下降35%，誇讚電子商務部分因CBD軟糖品牌的改善而提升
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"We continue to see increased competitive headwinds in our Core and Emerging Markets, which have led to a decline in sales revenue, gross profit and Adjusted EBITDA," said John Moynan, the company's CEO. "The reduction in retail sales, as well as limited cash available for general working purposes and rising public company corporate overhead costs, negatively impacted the Company's available cash from operations. As a result of these factors, SLANG continues to work with PGP Capital Advisors as our financial advisor as we pursue a full range of strategic and financial alternatives."
該公司的首席執行官約翰·莫伊南表示：「我們在覈心市場和新興市場繼續面臨日益激烈的競爭壓力，導致銷售收入、毛利潤和調整後息稅折舊攤銷前利潤下降。零售銷售額的減少，以及可用於一般營運目的的有限現金和上升中的上市公司企業管理開銷，對公司的現金流有了負面影響。鑑於這些因素，SLANG繼續與PGP資本顧問合作，追求全方位的戰略和財務選擇。」
Q2 2024 Financial Highlights
2024年第二季度財務業績亮點
- Gross profit was CA$2.69 million (43% gross margin) compared with CA$4.35 million (52% gross margin) in the second quarter of fiscal 2023, representing a 38% decrease in gross profit and a 9% decrease in gross margin year-over-year.
- Operating expenses amounted to CA$5.47 million, compared with CA$6.24 million in the prior year's period and CA$5.54 million in the three months ended March 31, 2024, representing a 12% decrease year-over-year and a 1% decrease quarter-over-quarter.
- Total comprehensive loss was CA$11.5 million, compared with CA$5.16 million in the prior year's period, representing a 123% increase year-over-year.
- Adjusted EBITDA came in negative at CA$1.42 million, compared with a negative adjusted EBITDA of CA$0.76 million in the corresponding period of 2023.
- CA$ 6.75 million in cash and restricted cash on June 30, 2024, compared to CA$8.32 million on March 31, 2024 and CA$9.04 million on Dec. 31, 2023.
- 毛利潤爲CA$269萬（43%毛利率），相比2023財年第二季度的CA$435萬（52%毛利率）下降了38%的毛利潤和9%的毛利率同比下降。
- 營業費用爲CA$547萬，與去年同期的CA$624萬和2024年3月31日結束的三個月的CA$554萬相比，同比下降了12%和季度環比下降1%。
- 綜合虧損爲CA$1150萬，相比去年同期的CA$516萬，同比增加了123%。
- 調整後的EBITDA爲負CA$142萬，相比2023年同期的負EBITDA CA$76萬。
- 2024年6月30日，現金和限制性現金爲CA$675萬，相比2024年3月31日的CA$832萬和2023年12月31日的CA$904萬。
- Cannabis CPG Co. SLANG Worldwide Narrows Q4 Loss By 56% YoY, Reports Dip In Revenue
- 大麻CPG公司SLANG Worldwide減少了56%的季度虧損，營業收入有所下降。
SLGWF Price Action
SLGWF股價走勢
SLANG's shares traded 20% lower at $0.008 per share after the market close on Tuesday afternoon.
SLANG的股票在週二下午收盤後以每股$0.008的價格下跌了20%。
譯文內容由第三人軟體翻譯。