Cannabis Company TerrAscend Posts Q1 2024 Gains In Revenue And Operational Efficiency
Cannabis Company TerrAscend Posts Q1 2024 Gains In Revenue And Operational Efficiency
TerrAscend Corp. (OTC:TSNDF), a cannabis company with a presence in several states, reported its financial performance for the first quarter that ended March 31, 2024 with gains in revenue and operational efficiency.
在多個州開展業務的大麻公司TerrAscend Corp.（場外交易代碼：TSNDF）公佈了截至2024年3月31日的第一季度財務業績，收入和運營效率均有所提高。
TerrAscend announced an increase in net revenue to $80.6 million, marking a 16.1% rise compared to the same period last year. The company also announced a cash flow from operations of $13.3 million and a healthy free cash flow of $10.5 million.
TerrAscend宣佈淨收入增加至8,060萬美元，與去年同期相比增長了16.1％。該公司還宣佈運營現金流爲1,330萬美元，自由現金流爲1,050萬美元。
Despite the positive revenue growth, the company recorded a net loss from continuing operations of $14.9 million, which, while substantial, is an improvement from the $19.2 million loss reported in Q1 2023.
儘管收入正增長，但該公司的持續經營淨虧損爲1,490萬美元，這雖然可觀，但與2023年第一季度公佈的1,920萬美元虧損相比有所改善。
Profitability And Efficiency
盈利能力和效率
TerrAscend's gross profit margin slightly decreased to 48.0% from 48.8% year-over-year.
TerrAscend的毛利率從同比的48.8％略有下降至48.0％。
However, adjusted EBITDA from continuing operations rose by 33% to $16.2 million, reflecting a more efficient operational structure with an adjusted EBITDA Margin of 20.1%, up from 17.6% in Q1 2023.
但是，來自持續經營業務的調整後息稅折舊攤銷前利潤增長了33％，至1,620萬美元，反映了更有效的運營結構，調整後的息稅折舊攤銷前利潤率爲20.1％，高於2023年第一季度的17.6％。
Strategic Growth And Operational Achievements
戰略增長和運營成就
The company continues to expand its market reach, having opened four new dispensaries and initiated adult-use sales in Maryland. This expansion, coupled with an 80% increase in Pennsylvania wholesale sales, drove the company's revenue growth.
該公司繼續擴大其市場覆蓋範圍，在馬里蘭州開設了四家新藥房並開始了成人用途銷售。這種擴張，加上賓夕法尼亞州的批發銷售額增長了80％，推動了該公司的收入增長。
Jason Wild, executive chair of TerrAscend, highlighted the company's strategic position and upcoming opportunities that could further enhance performance. "With legislative movements favoring adult use in Pennsylvania and potential DEA rescheduling, we are poised for significant advancements," he said.
TerrAscend執行主席傑森·懷爾德強調了公司的戰略地位和即將到來的可能進一步提高業績的機會。他說：“隨着賓夕法尼亞州支持成人使用的立法運動，以及緝毒局可能重新安排時間表，我們有望取得重大進展。”
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掃描大麻電子表格可能需要一些時間。要了解有關投資的更多信息，請不要錯過參加將於10月8日至9日在芝加哥舉行的第19屆Benzinga大麻資本會議的機會。與高層管理人員、投資者、政策制定者和倡導者互動，探索該行業的未來。在價格上漲之前，立即通過以下方式保護您的門票 這個鏈接。
Photo: AI-Generated Image.
照片：人工智能生成的圖像。
譯文內容由第三人軟體翻譯。