Greenrose Holding's Q2 Revenue Grows 40%, Here Are The Details
Greenrose Holding's Q2 Revenue Grows 40%, Here Are The Details
The Greenrose Holding Company Inc. (OTCQX:GNRS) (OTC:GNRSW) released financial and operating results for the second quarter ended June 30, 2022, revealing revenue, net of discounts increased 40% to $9.2 million compared to $6.6 million in the prior year quarter.
綠玫瑰控股有限公司 (OTCQX: GNRS) 公佈截至二零二二二年六月三十日止第二季度財務及營運業績 收入，扣除折扣 增加 40% 至 920 萬美元 與上一年季度的 660 萬美元相比。
The increase in revenue primarily reflects incremental revenue contributions from True Harvest compared to the prior year period, which only included contributions from Theraplant. Theraplant's second quarter revenues decreased year-over year as a result of sustained demand headwinds in Connecticut's medical market, as well as increased competition and impacts from the state's illicit market. True Harvest's second quarter revenue performance continues to reflect the impacts of production disruptions resulting from the facility's recent expansion.
收入的增加主要反映了收入增加的貢獻 真正的收穫 與上一年相比，其中只包括來自的供款 治療。由於康涅狄格州醫療市場的需求持續不利，以及該州競爭和影響的增加，治療劑的第二季度收入同比下降 非法市場。True Harvest 的第二季度營收績效繼續反映該設施近期擴張造成的生產中斷所造成的影響。
Q2 2022 Financial Highlights
Q2 金融財經 亮點
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Gross profit was $2.9 million compared to $4.4 million in the prior year quarter.
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毛利 是 二百九十萬元 相較於上一年季度的 440 萬美元。
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Net loss was $10.3 million compared to net income of $3.3 million in the prior year quarter.
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Adjusted EBITDA was $3.1 million compared to $4.6 million in the prior year quarter.
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Cash and cash equivalents combined with restricted cash was $2.7 million at June 30, 2022 compared to $9.1 million at December 31, 2021.
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淨虧損為 1,030 萬美元 與上一年季度淨收入 330 萬美元相比。
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調整後 EBITDA 是 三百一十萬美元 與上一年季度的 460 萬美元相比。
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現金及現金等價物 結合 現金有限 是 二百七十萬美元 在 2022 年 6 月 30 日，與二零二一年十二月三十一日的 910 萬美元相比。
"During the second quarter, we continued to strengthen our operational foundation in both Connecticut and Arizona," stated Mickey Harley, CEO of Greenrose. "Our revenues increased 40% year-over-year due to incremental contributions from True Harvest, where we substantially reduced our inventory backlog and generated sequential month-over-month sales improvements. At Theraplant, we continued to navigate demand headwinds within the state's current medical market, but worked to further activate our increased cultivation capacity and build inventory ahead of Connecticut's expected commencement of recreational cannabis sales."
「在第二季度，我們繼續加強我們在康涅狄格州和亞利桑那州的運營基礎，」表示 米奇哈雷 格林羅斯的首席執行官「由於 True Harvest 的增量捐款，我們的收入與去年同期增加了 40%，我們大幅減少了庫存積壓，並產生了連續按月的銷售改善。在 Theraplant，我們繼續在該州當前的醫療市場中應對需求的不利因素，但努力進一步激活我們增加的種植能力，並在康涅狄格州預計開始休閒大麻銷售之前建立庫存。」
"While we continued to incur higher costs associated with ramping our expanded cultivation capacity at both True Harvest and Theraplant, we believe this work improves our positioning for improving our operations in Arizona and preparing for Connecticut's forthcoming recreational market, respectively. As we progress into the second half of 2022, we remain focused on leveraging our existing production efficiencies to deepen and expand our presence in our existing state markets," continued Harley.
儘管我們在 True Harvest 和 Theraplant 提高種植能力的過程中繼續承擔更高的成本，但我們相信這項工作可以改善我們在亞利桑那州的營運方面的定位，並為康涅狄格州即將到來的娛樂市場做好準備。隨著我們進入 2022 年下半年，我們仍然專注於利用現有的生產效率來加深和擴大我們在現有州市場的影響力。」
2022 Financial Outlook Update
Due to regulatory delays surrounding the expected timing of Connecticut's recreational cannabis market, Greenrose is suspending its previously stated full year 2022 guidance. The company expects to re-evaluate and provide further updates on its 2022 outlook as regulatory visibility improves.
2022 財務展望最新消息
由於圍繞康涅狄格州休閒大麻市場預期時間的監管延遲，格林羅斯（Greenrose）暫停其先前聲明的 2022 年全年指南。隨著監管能見度的提高，該公司預計將重新評估並提供其 2022 年前景的進一步更新。
Photo by Mackenzie Marco on Unsplash
照片由麥肯齊馬可在未飛濺
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譯文內容由第三人軟體翻譯。