MTL Cannabis Corp's Q1 2024 Results: Net Revenue Up 121% Amid Strong Gross Profits
MTL Cannabis Corp's Q1 2024 Results: Net Revenue Up 121% Amid Strong Gross Profits
The Benzinga Cannabis Capital Conference, the place where deals get done, is returning to Chicago this September 27-28 for its 17th edition. Get your tickets today before prices increase and secure a spot at the epicenter of cannabis investment and branding.MTL Cannabis Corp. (CSE:MTLC) announced its Q1 2023 financial outcomes on Monday through its subsidiary, Montréal Cannabis Médical Inc.
MTL大麻公司(CSE：MTLC)周一通过其子公司Montréal Cannabis MéDical Inc.宣布了2023年第一季度的财务业绩。
MTL Cannabis CEO Michael Perron expressed confidence in the company's growth trajectory, driven by a robust business model and customer satisfaction.
MTL大麻首席执行官迈克尔·佩伦在强劲的商业模式和客户满意度的推动下，表达了对公司增长轨迹的信心。
"Our team has done an outstanding job to help drive significant growth in both revenues and cash flows from operations over the last year. The results affirm that we have built a sound business model focused on premium quality cannabis, which is confirmed by our customers' appreciation for the products produced at MTL," Perron stated.
Perron表示：“在过去的一年里，我们的团队出色地帮助推动了业务收入和现金流的显著增长。结果证实，我们已经建立了专注于优质大麻的稳健商业模式，我们的客户对MTL生产的产品的赞赏证实了这一点。”
Operating Income Adjusts And Cash Inflows
营业收入调整与现金流入
- Net Revenue surged to $12,763,787 CAD, marking a 121% YoY increase from $5,766,128 CAD in the same quarter last year.
- Gross profits reached $3,274,781 CAD, with a rise of $602,069 CAD compared to $2,672,712 CAD in the corresponding quarter of the previous year.
- Operating Income experienced a decline of $207,219 CAD, settling at $599,599 CAD from $806,818 CAD in the prior year's quarter.
- The company reported net cash inflows from operating activities of $2,140,029 CAD, a significant improvement from a deficit of ($690,847) CAD in the same quarter last year.
- 净收入飙升至12,763,787加元，较去年同期的5,766,128加元增长121%。
- 毛利润达到3,274,781加元，比去年同期的2,672,712加元增加602,069加元。
- 营业收入减少207,219加元，从上年同期的806,818加元降至599,599加元。
- 该公司公布的经营活动净现金流入为2,140,029加元，较去年同期的赤字(690,847加元)有显著改善。
The Benzinga Cannabis Capital Conference, the place where deals get done, is returning to Chicago this September 27-28 for its 17th edition. Get your tickets today before prices increase and secure a spot at the epicenter of cannabis investment and branding.
Benzinga Cannabis Capital Conference是达成交易的地方，将于今年9月27日至28日在芝加哥举行第17届会议。在价格上涨之前今天就买到票，并在大麻投资和品牌推广的中心获得一席之地。
Photo: Bob G via Pixabay.
图片来源：鲍勃·G通过Pixabay。
译文内容由第三方软件翻译。
