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International Expansion Drives Growth For This Canadian Cannabis Producer As It Reports Record Q1 Revenue

International Expansion Drives Growth For This Canadian Cannabis Producer As It Reports Record Q1 Revenue

國際擴張推動了這家加拿大大麻生產商的增長,該公司報告了創紀錄的第一季度收入
Benzinga ·  04/15 21:46

Canadian cannabis producer Avant Brands Inc (OTCQX:AVTBF) (TSX:AVNT)(FRA:1BU0) reported its financial results on Monday for the first quarter that ended Feb. 29, 2024.

加拿大大麻生產商Avant Brands Inc(場外交易代碼:AVTBF)(多倫多證券交易所股票代碼:AVNT)(FRA: 1BU0)週一公佈了截至2024年2月29日的第一季度財務業績。

For the quarter, Avant Brands reported "records across key financial metrics, underscoring the company's commitment to operational excellence," according to a Monday press release.

根據週一的新聞稿,Avant Brands報告了本季度 “關鍵財務指標的記錄,突顯了公司對卓越運營的承諾”。

International sales hit a record of CA$3.3 million ($2.4 million), representing a 21% year-over-year increase, with sales accounting for 37% of total gross revenue. The company attributed the growth to its aggressive market penetration in "key regions," including Australia, Germany and Israel.

國際銷售額達到創紀錄的330萬加元(合240萬美元),同比增長21%,銷售額佔總收入的37%。該公司將增長歸因於其在包括澳大利亞、德國和以色列在內的 “關鍵地區” 的積極市場滲透率。

As another earnings season wraps up, financial performance of top cannabis operators nationwide will surely be one of hot topics at this week's Benzinga cannabis event. The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024.

隨着又一個業績季的結束,全國頂級大麻運營商的財務表現肯定會成爲本週Benzinga大麻活動的熱門話題之一。本辛加大麻資本會議將於2024年4月16日和17日在佛羅里達州好萊塢的新地點重返佛羅里達州。

Q1 2024 Financial Highlights

2024 年第一季度財務摘要

  • Net revenue amounted to CA$8 million, up from CA$7 million in the same quarter of last year.
  • Gross profit dropped to CA$897 000 from roughly CA$3 million in the prior year's quarter.
  • Net loss from operations was $1.6 million compared to a net income from operations of CA$22 000 in the prior year's period.
  • Net loss and comprehensive loss was CA$2.7 million, compared to $CA223 000 in the first quarter of fiscal 2023.
  • Adjusted EBITDA came in positive at CA$3.8 million, compared to an adjusted EBITDA gain of CA$1.8 million in the prior year's period.
  • As of Feb. 29, 2024, the company had CA$ 80.6 million in total assets and CA$ 31.7 million in total liabilities, compared to CA$ 82.5 million and CA$ 33.2 million, respectively, as of Nov. 30, 2023.
  • 淨收入爲800萬加元,高於去年同期的700萬加元。
  • 毛利從上一季度的約300萬加元降至89.7萬加元。
  • 運營淨虧損爲160萬加元,而去年同期的運營淨收入爲2.2萬加元。
  • 淨虧損和綜合虧損爲270萬加元,而2023財年第一季度爲223,000加元。
  • 調整後的息稅折舊攤銷前利潤爲正數,爲380萬加元,而去年同期調整後的息稅折舊攤銷前利潤收益爲180萬加元。
  • 截至2024年2月29日,該公司的總資產爲8,060萬加元,總負債爲3,170萬加元,而截至2023年11月30日,分別爲8,250萬加元和3,320萬加元。

Avant Brands Founder and CEO Norton Singhavon praised quarterly financial results.

Avant Brands創始人兼首席執行官諾頓·辛哈文對季度財務業績表示讚賞。

"Despite facing short-term challenges in late 2023, Avant Brands is pleased to report record-breaking Q1 2024 results across all key metrics," Singhavon said. "This achievement signifies a successful return to our growth trajectory. Our team's unwavering commitment to production increases, sales growth, and cost reduction has played a pivotal role in driving this turnaround."

辛哈文說:“儘管在2023年底面臨短期挑戰,但Avant Brands很高興地報告2024年第一季度在所有關鍵指標上都創下了創紀錄的業績。”“這一成就標誌着我們的成功回歸增長軌跡。我們的團隊堅定不移地致力於提高產量、銷售增長和降低成本,在推動這一轉變中發揮了關鍵作用。”

AVTBF Price Action

AVTBF 價格走勢

Avant Brands' shares traded 1.35% lower at $0.066 per share after the market close on Friday.

週五收盤後,Avant Brands的股價下跌1.35%,至每股0.066美元。

Related News

相關新聞

  • Canadian Marijuana Company Reports 5th Consecutive Quarter Of Positive Cash Flow From Operations
  • Avant Q2 FY23 Net Revenue Grows 96% YoY, What About Adjusted EBITDA?
  • 加拿大大麻公司連續第五個季度報告運營現金流爲正
  • 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呢?

The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.

本辛加大麻資本會議將於2024年4月16日和17日在佛羅里達州好萊塢的新地點重返佛羅里達州。在外交官海灘度假村舉行的爲期兩天的活動將爲大小企業家提供交流、學習和成長的機會。這次會議以其引領潮流的能力和對大麻未來的影響而聞名,記住你的日曆——這是大麻界年度必去的活動。

Get your tickets now on bzcannabis.com – Prices will increase very soon!

立即在bzcannabis.com上購買門票——價格很快就會上漲!

譯文內容由第三人軟體翻譯。


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