Flower One FY 2021 Revenue Increases 70%, Cuts Net Loss
Flower One FY 2021 Revenue Increases 70%, Cuts Net Loss
Flower One Holdings Inc. (OTCQX:FLOOF) (CSE:FONE) (FSE:F11) revenue in 2021 was $58.4 million, representing a 70% increase from the prior year.
Flower One控股公司(OTCQX：FLOOF)(CSE：FONE)(FSE：F11)年營收2021 曾經是$58.4 百萬，增幅為70%從上一年開始。
2021 Financial and Operating Highlights:
2021年財務和運營亮點：
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Gross profit for the year-ended December 31, 2021 was $21.4 million, as compared to a gross loss of $40.3 million in 2021, an increase of 153% year-over-year, representing a 37% margin. The changes in gross profit are directly attributable to the operational restructuring, leading to dramatic quality improvements, resulting in increases in revenue, cost of sales and biological asset transformation.
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The company recorded a net loss of $24.4 million for the year ended December 31, 2021, compared to a net loss of $117.5 million for in 2020.
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Cost of sales for the year-ended December 31, 2021 was $33.5 million compared to $25 million from 2020, an increase of 34%. This was primarily due to increased sales and associated selling costs.
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毛利截至2021年12月31日止的年度是21.4美元百萬,與2021年4030萬美元的總虧損相比，同比增長153%，利潤率為37%。毛利潤的變化直接歸因於業務重組，導致顯著的質量改進，導致收入、銷售成本和生物資產轉換的增加。
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該公司記錄了淨虧損24.4美元百萬截至2021年12月31日的一年，而2020年淨虧損1.175億美元。
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截至2021年12月31日的年度銷售成本為3350萬美元，而2020年為2500萬美元，增長34%。這主要是由於銷售額和相關銷售成本的增加。
"We are proud of the year end results and our ability to maintain a leading position in Nevada amidst challenging market conditions. The improvements we have made year over year are significant and represent the tremendous effort given from our entire team and all of our partners. At Flower One, our mission is to deliver quality product at scale and given our unique position we continue to do this on a daily basis. With that said we recognize the hard work that lies ahead and are laser focused on finishing the critical upgrades to our facilities and delivering consistent and dependable quality products, both imperative to our primary objective of achieving positive cash flow. We are confident that these facility enhancements will set us up for long term success as we are able to execute on our growth strategy while driving shareholder value," stated Kellen O'Keefe, Flower One's president & CEO.
我們為年終業績感到自豪，也為我們能夠在充滿挑戰的市場環境中保持在內華達州的領先地位而感到自豪。我們年復一年取得的進步是顯著的，代表了我們整個團隊和我們所有合作伙伴所付出的巨大努力。在Flow One，我們的使命是大規模交付高質量的產品，鑑於我們的獨特地位，我們每天都會繼續這樣做。話雖如此，我們認識到未來的艱鉅工作，並專注於完成對我們設施的關鍵升級，並提供一致和可靠的高質量產品，這兩項都對我們實現正現金流的主要目標至關重要。我們相信，這些設施的增強將為我們的長期成功奠定基礎，因為我們能夠在推動股東價值的同時執行我們的增長戰略凱倫·奧基夫，Flow One的總裁兼首席執行官。
As of December 31, 2021, the company had cash and cash equivalents of $900,000 compared with $1.1M as of December 31, 2020.
截至2021年12月31日，該公司的現金和現金等價物為90萬美元，而截至2020年12月31日的現金及現金等價物為110萬美元。
Photo by Tim Foster on Unsplash
蒂姆·福斯特在Unspash上的照片
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譯文內容由第三人軟體翻譯。