Canadian Marijuana Company Reports 5th Consecutive Quarter Of Positive Cash Flow From Operations
Canadian Marijuana Company Reports 5th Consecutive Quarter Of Positive Cash Flow From Operations
Canadian cannabis company Avant Brands Inc. (TSX:AVNT) (OTCQX:AVTBF) (FRA:1BU0) reported its financial results for the third quarter of fiscal 2023, disclosing net revenue of CA$6.5 million ($4.8 million) up by 64% year-over-year and down by 18.75% sequentially.
加拿大大麻公司 Avant Brands Inc.（多倫多證券交易所股票代碼：AVNT）（場外交易代碼：AVTBF）（FRA: 1BU0） 報告了其2023財年第三季度的財務業績， 披露淨收入爲650萬加元（合480萬美元），同比增長64％，環比下降18.75％。
"Q3 2023 continued our trend of delivering strong year-over-year sales growth, coupled with positive cash flow from operations," stated Norton Singhavon, CEO of Avant. "Furthermore, Q3 2023 was by far our best quarter for cannabis harvests, which sets the stage for additional sales growth in Q4 2023 and beyond."
他說：“2023年第三季度延續了我們實現強勁的銷售同比增長的趨勢，同時運營現金流爲正。” 諾頓·辛哈文，Avant 首席執行官。“此外，2023年第三季度是我們迄今爲止大麻收成最好的季度，這爲2023年第四季度及以後的額外銷售增長奠定了基礎。”
See Also: Avant Q2 FY23 Net Revenue Grows 96% YoY, What About Adjusted EBITDA
另見：Avant 23財年第二季度淨收入同比增長96％，調整後的息稅折舊攤銷前利潤怎麼樣
Q3 Financial Highlights
第三季度財務摘要
-
Gross revenue was CA$7.5 million, up by 61% from the previous year, and down from a record CA$9 million in the second quarter.
-
Adjusted EBITDA was a gain of CA$900,000 compared to CA$200,000 a year ago, and CA$1.7 million in the previous quarter.
-
Net and comprehensive income amounted to CA$900,000 , compared to a net loss of CA$1.1 million in the same period of 2022, and net loss of CA$390,000 in the previous quarter.
-
Cash flow from operations after changes in non-cash working capital of CA$1.8 million, which compares to CA$1.6 million a year ago.
-
As at the end of Q3 2023 the company had approximately CA$1.7 million in cash, representing an increase of CA$0.9 million over Q2 2023. Working capital at the end of the period was CA$17.4 million.
-
總收入爲 加州750 萬美元， 比上年增長61％，低於第二季度創紀錄的900萬加元。
-
調整後的息稅折舊攤銷前利潤爲90萬加元，去年同期爲20萬加元，上一季度爲170萬加元。
-
淨收入和綜合收益爲90萬加元，而2022年同期的淨虧損爲110萬加元，上一季度的淨虧損爲390,000加元。
-
扣除非現金營運資金變動後的運營現金流爲180萬加元，而去年同期爲160萬加元。
-
截至2023年第三季度末，該公司擁有約170萬加元的現金，比2023年第二季度增加了90萬加元。期末的營運資金爲1,740萬加元。
Price Action
價格走勢
Avant Brands closed Monday market session 1.13% higher at $0.13 per share.
See Also: Sundial, Canopy Growth And More: Analyst Examines The Race For The US Cannabis Market
Avant Brands週一收盤上漲1.13％，至每股0.13美元。
另見：Sundial、Canopy Growth 等：分析師研究了美國大麻市場的競爭
Did you miss the first wave of cannabis investments? Don't make that mistake again.
Experts believe cannabis stocks have found their floor and are now poised for unprecedented growth. Join Benzinga PotProfits. Benefit from Michael Berger's sharp analysis, revealing top cannabis stock opportunities and timely updates. Experience the potential of 10%+ returns in just 90 days. Our 4.5-star Marketfy rating speaks volumes. Secure your position in this booming sector with a 30-day money-back guarantee. The time to invest is now before everyone else realizes it. Secure your profits with Benzinga. Click here now to learn more.
你錯過了第一波大麻投資浪潮嗎？別再犯那個錯誤了。
專家認爲 大麻庫存已跌至最低水平 現在正準備實現前所未有的增長。 加入 Benzinga Pot Po 受益於邁克爾·伯傑的敏銳分析，該分析揭示了大麻股票的頂級機會和及時的最新消息。在短短 90 天內體驗 10% 以上回報的潛力。我們的4.5星Marketfy評級足以說明問題。通過以下方式確保您在這個蓬勃發展的行業中的地位 30 天退款保證。 現在是其他人意識到投資的時候了。使用 Benzinga 確保您的利潤。立即點擊此處了解更多信息。
Photo: Courtesy of Richard T via Unsplash
照片：由 Richard T 通過 Unsplash 提供
譯文內容由第三人軟體翻譯。