Earnings Call Summary | JUSHI HOLDINGS INC(JUSHF.US) Q1 2024 Earnings Conference
Earnings Call Summary | JUSHI HOLDINGS INC(JUSHF.US) Q1 2024 Earnings Conference
The following is a summary of the Jushi Holdings Inc. (JUSHF) Q1 2024 Earnings Call Transcript:
以下是巨石控股有限公司（JUSHF）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Jushi Holdings registered a Q1 2024 gross profit of $32.3 million, indicating a gross profit margin of 49%.
Adjusted EBITDA stood at $13.3 million, reflecting a 20% adjusted EBITDA margin.
The Q1 revenue base was $65.5 million due to a seasonally weak first quarter and a slowdown from the strong holiday sales in the previous quarter.
Wholesale revenue shown growth due to a more extensive product lineup, enhanced product potency, and cost competitiveness from product development and optimization.
The company has decreased debt by over $14.9 million, bringing down debt subject to scheduled repayments to approximately $190.4 million.
巨石控股2024年第一季度毛利爲3,230萬美元，毛利率爲49％。
調整後的息稅折舊攤銷前利潤爲1,330萬美元，反映了調整後的息稅折舊攤銷前利潤率爲20％。
由於第一季度季節性疲軟以及上一季度強勁的假日銷售放緩，第一季度的收入基礎爲6,550萬美元。
批發收入出現增長，這要歸因於更廣泛的產品陣容、增強的產品效力以及產品開發和優化帶來的成本競爭力。
該公司減少了超過1,490萬美元的債務，使按計劃還款的債務降至約1.904億美元。
Business Progress:
業務進展：
The DEA is potentially considering rescheduling cannabis, which would facilitate relief from the 280E tax provision and boost market recognition.
Operational improvements increased yields, enhanced product profiles, and launched higher-margin SKUs.
There is significant expansion through new dispensaries and the Hello Club loyalty app.
Jushi's business strategy is geared towards market expansion, focusing on transitions to adult use in Virginia and Pennsylvania.
Internally expanding presence with Jushi branded products, having made up 54% of store shelves in Q1 with the expectation of further increase.
Jushi's political involvement is aimed at facilitating transitions to recreational use in states such as Pennsylvania and Virginia.
Price competitiveness has maintained their market presence despite competition from Maryland and Washington, DC.
緝毒局可能正在考慮重新安排大麻的期限，這將有助於減免280E稅收條款並提高市場認可度。
運營改善提高了產量，增強了產品概況，並推出了利潤率更高的SKU。
通過新的藥房和Hello Club忠誠度應用程序，實現了顯著的擴張。
巨石的業務戰略旨在擴大市場，重點是向弗吉尼亞州和賓夕法尼亞州的成人使用過渡。
通過巨石品牌產品在內部擴大影響力，在第一季度佔商店貨架的54％，預計還會進一步增加。
巨石的政治參與旨在促進賓夕法尼亞州和弗吉尼亞州等州向娛樂用途的過渡。
儘管來自馬里蘭州和華盛頓特區的競爭，價格競爭力仍保持了其市場地位。
More details: JUSHI HOLDINGS INC IR
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譯文內容由第三人軟體翻譯。