Canadian Cannabis Concentrates Producer, Adastra, Reports Third Year Of Record Revenue, But Also Higher Losses
Canadian Cannabis Concentrates Producer, Adastra, Reports Third Year Of Record Revenue, But Also Higher Losses
Canadian cannabis company Adastra Holdings Ltd. (CSE:XTRX)(FRA:D2EP) (OTCPK:XTXXF) its financial results reported Tuesday for the fourth quarter and the year ended Dec. 31, 2023.
加拿大大麻公司阿達斯特拉控股有限公司（CSE: XTRX）（FRA: D2EP）（場外交易代碼：XTXXF）其週二公佈了截至2023年12月31日的第四季度和年度的財務業績。
For the fourth quarter of 2024, the British Columbia-based cannabis concentrates producer reported gross revenue of CA$9.1 million ($6.7 million), compared to CA$6.8 million in the same period of 2022.
2024年第四季度，這家總部位於不列顛哥倫比亞省的大麻濃縮物生產商報告的總收入爲910萬加元（合670萬美元），而2022年同期爲680萬加元。
"During 2023, Adastra experienced significant sales growth of $37.7 million, representing a 108% increase compared to the same period last year, and marking our third consecutive year of achieving record revenue," stated Lachlan McLeod, interim CEO of Adastra. "The increased demand for our in-house brand, Endgame Extracts, has been a key driver behind this success, evident in our continued success with numerous best-selling SKUs in B.C, Alberta, and Ontario according to Headset."
Adastra臨時首席執行官拉克蘭·麥克勞德表示：“2023年，Adastra實現了3,770萬美元的顯著銷售增長，與去年同期相比增長了108％，這是我們連續第三年實現創紀錄的收入。”“對我們的內部品牌Endgame Extracts的需求增加是這一成功的關鍵驅動力，根據Headset的數據，我們在不列顛哥倫比亞省、艾伯塔省和安大略省持續成功推出了衆多最暢銷的SKU，就證明了這一點。”
Fiscal Year 2023 Summary
2023 財年摘要
- Net revenue amounted to CA$22.2 million, up 67% from CA$13.3 million in 2022.
- Record gross profit of CA$7.6 million for 2023, representing a 24% increase compared to CA6.1 million in 2022.
- Net loss was CA$3.54 million, up by 17% from the previous year.
- Loss from operations of CA$1.8 million, compared to CA$800,000 for 2022, an increase of 124% due to the company's increased spending on marketing initiatives to increase brand awareness of the suite of products under the Endgame Extracts brand.
- Record cash provided by operating activities of CA$1.9 million compared to CA$900,000 in 2022 as the company closely managed cash flows during the year.
- As of Dec. 31, 2023, Adastra had a working capital deficiency of around CA$6 million and a deficit of CA$21.7 million.
- 淨收入爲2220萬加元，較2022年的1,330萬加元增長了67％。
- 2023年創紀錄的毛利潤爲760萬加元，與2022年的610萬加元相比增長了24％。
- 淨虧損爲354萬加元，比上年增長17％。
- 運營虧損爲180萬加元，而2022年爲80萬加元，增長了124％，這是由於該公司增加了營銷活動支出，以提高Endgame Extracts品牌旗下產品套件的品牌知名度。
- 由於公司嚴格管理年內現金流，經營活動提供的現金創歷史新高，爲190萬加元，而2022年爲90萬加元。
- 截至2023年12月31日，Adastra的營運資金缺口約爲600萬加元，赤字爲2170萬加元。
Q4 2023 Financial Takeaways
2023 年第四季度財務要點
- Gross revenues of CA$9.1 million in Q4 2023, compared to CA$6.8 million in the fourth quarter of 2022, representing an increase of 34%, due to an increase in throughput of the Langley Facility and increased deliveries to provincial distributors.
- Net loss and comprehensive loss of CA$1.5 million during, compared to CA$2.6 million during the third quarter of 2023, a decrease of 43% quarter over quarter.
- 2023年第四季度的總收入爲910萬加元，而2022年第四季度爲680萬加元，增長了34％，這要歸因於蘭利工廠的吞吐量增加以及向省級分銷商的交付量增加。
- 該期間的淨虧損和綜合虧損爲150萬加元，而2023年第三季度爲260萬加元，同比下降43％。
"Looking ahead to 2024, we expect to continue this momentum and have already set new records, including receiving a record single purchase order of $1 million in March 2024," McLeod added. "Moreover, we're committed to a renewed focus on cost-saving measures aimed at ensuring profitability. As we continue to grow, we aim to further strengthen our financial position and drive sustainable success."
麥克勞德補充說：“展望2024年，我們預計將繼續保持這種勢頭，並且已經創下了新紀錄，包括在2024年3月收到創紀錄的100萬美元單一採購訂單。”“此外，我們致力於重新關注旨在確保盈利能力的成本節約措施。隨着我們的持續增長，我們的目標是進一步鞏固我們的財務狀況並推動可持續的成功。”
Photo: Courtesy of iQoncept via Shutterstock
照片：由 iqoncept 通過 Shutterstock 提供
譯文內容由第三人軟體翻譯。