The Flowr Corp. Revenue Gows 64% In 2021, Achieves Record Quarterly Revenue Thansk To This
The Flowr Corp. Revenue Gows 64% In 2021, Achieves Record Quarterly Revenue Thansk To This
The Flowr Corporation (OTCPK:FLWPF) (TSX.V:FLWR) released its financial and operational results for the fourth quarter and fiscal year ended December 31, 2021, revealing net revenue for the full year 2021 totaled $12.35 million compared with $7.51 million in 2020, representing a 64% increase.
Q4 2021 Financial Highlights
Consolidated net revenue during Q4 2021 was $3,801, 138% higher than the $1,600 earned in Q4 2020. Net revenue for Q4 2021 was the highest quarterly revenue recorded by the company since inception, contributed by increases in cannabis sales in Flowr Canada. Net loss was $63.86 million, compared to net loss of $99.75 million in Q4 2020. Adjusted EBITDA loss was $5.15 million compared to a loss of $5.38 million in Q4 2020.
Full Year 2021 Financial...
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