Red Light Holland Q1 Revenue Spikes Nearly 30% YoY, Focuses On Strategic Profitability
Red Light Holland Q1 Revenue Spikes Nearly 30% YoY, Focuses On Strategic Profitability
"Our financial performance in the first quarter of 2025 reflects our strategic commitment to growth while maintaining strong cash management," Red Light Holland Corp. (CSE:TRIP) (FSE: 4YX) (OTCQB:TRUFF) announced its financial and operational results on Thursday for the first quarter of fiscal 2025, three months ending June 30, 2024.
Red Light Holland Corp. (CSE:TRIP) (FSE: 4YX) (OTCQB:TRUFF)宣佈其2024財年第一季度的財務和運營結果，截至2024年6月30日的三個月。
The Ontario-based company with a focus on the production and sale of functional mushrooms and mushroom home grow kits in North America and Europe, and a premium brand of psilocybin truffles to the legal, recreational market within the Netherlands, in compliance with all applicable laws.
這家總部位於安大略省的公司專注於在北美和歐洲生產和銷售功能性蘑菇和蘑菇自家種植套件，並在荷蘭合法的休閒市場銷售高檔的幻覺劑松露，同時符合所有適用法律。
That said, the company's revenues increased by 29.7% year-over-year.
話雖如此，該公司的營業收入同比增長了29.7%。
"Our financial performance in the first quarter of 2025 reflects our strategic commitment to growth while maintaining strong cash management," Todd Shapiro, CEO and director of Red Light Holland said. "Unlike many companies in our sector facing severe financial challenges, Red Light Holland continues to move forward with positive momentum, driven by our diversified revenue streams and prudent cash use. We look forward to continued, patient growth and we are excited to discuss our updated strategy in mid-to-late September 2024, as we'll host a live Q&A for our loyal shareholders."
Red Light Holland的首席執行官兼董事Todd Shapiro表示：「我們在2025財年第一季度的財務表現反映了我們的戰略承諾，即實現增長的同時保持良好的現金管理。」Todd Shapiro還說：「與我們行業中許多面臨嚴重財務挑戰的公司不同，Red Light Holland在我們多樣化的營收來源和審慎的現金使用驅動下，繼續保持積極勢頭。我們期待持續穩健的增長，並且非常高興在2024年9月中旬至9月下旬討論我們的更新戰略，併爲我們忠實的股東舉辦一個實時問答。」
Read Also: Red Light Holland Reports 20.3% Revenue Growth YoY, Remains 'Strategically Focused On The Long Game'
閱讀更多：Red Light Holland報告營收同比增長20.3%，仍專注於長期戰略
- Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter here. If you're serious about the business, you can't afford to miss out.
- 訂閱Benzinga的獨家分析和大麻行業及市場的頭條新聞，並每天免費將其發送到您的電子郵箱。在這裏訂閱我們的通訊。如果您對這個行業很重視，您不能錯過這些信息。
Q1 2025 Financial Highlights
2025財年第一季度財務亮點
- Revenue amounted to CA$1.5 million ($1.15 million), up from CA$1.2 million in the same quarter of last year.
- Gross profit increased year-over-year to CA$624,673 from CA$523,097 in the first quarter of the 2024 fiscal year.
- Net loss amounted to CA$1.4 million, down from CA$1.9 net loss in the corresponding quarter of last year.
- Cash Balance: CA$14.13 million as of June 30, 2024, including restricted cash, similar to the cash balance position of $14.37 million as of March 31, 2024.
- 營業收入達到150萬加元（115萬美元），同比去年同期的120萬加元增長。
- 毛利潤同比增長至624,673加元，高於2024財年第一季度的523,097加元。
- 淨虧損額達到140萬加元，低於去年同期的1.9萬加元淨虧損額。
- 截至2024年6月30日的現金餘額爲1413萬加元，包括限制性現金，與截至2024年3月31日的1437萬加元現金餘額相似。
Outlook
展望
The company said it remains committed to focusing on a strategic path aimed at profitability and continued advocacy for responsible adult access and the 'right to try' psilocybin to help those in need.
公司表示將繼續致力於追求盈利和持續倡導負責任成年人使用及享有嘗試使用哪些腦白金輔助劑的權利的策略。
- EXCLUSIVE: Legal Magic Mushroom Products Will Be Sold In Jamaica As Psilocybin Products Hit Pharmacy Shelves
- 獨家報道：合法的魔法蘑菇產品將在牙買加上市，靈菇製品將登上藥店貨架。
TRUFF Price Action
TRUFF股價表現
Red Light Holland's shares traded 2.31% higher at $0.031 per share after the market close on Thursday afternoon.
週四下午市場閉市後，Red Light Holland的股票以0.031美元每股交易，上漲2.31%。
譯文內容由第三人軟體翻譯。