Leafly Q1 Revenue Dips Nearly 20% YoY, But Weed Discovery Marketplace Also Reduced Net Loss And Cut Costs
Leafly Q1 Revenue Dips Nearly 20% YoY, But Weed Discovery Marketplace Also Reduced Net Loss And Cut Costs
Cannabis discovery marketplace Leafly Holdings, Inc. (NASDAQ:LFLY) reported its financial results Thursday for its first quarter ended March 31, 2024, disclosing revenue of $9.0 million, compared to $11.2 million in the first quarter of 2023.
大麻發現市場Leafly Holdings, Inc.（納斯達克股票代碼：LFLY）週四公佈了截至2024年3月31日的第一季度財務業績，披露收入爲900萬美元，而2023年第一季度爲1,120萬美元。
"We remain committed to boosting our operational efficiency as we focus on stabilizing revenue and prioritizing ongoing value for our partners," stated Yoko Miyashita, CEO of Leafly. "We are excited by the recent historic announcement by the DEA of its plan to reschedule cannabis, which we hope will serve as a pathway for operators to redirect capital to invest in their own businesses. When the anticipated relief arrives, we expect cannabis businesses to increase their efforts to market to and attract new shoppers.
Leafly首席執行官宮下洋子表示：“我們仍然致力於提高運營效率，專注於穩定收入併爲合作伙伴優先考慮持續價值。”“美國藥物管理局最近歷史性地宣佈了其重新安排大麻的計劃，我們對此感到興奮，我們希望這將成爲運營商將資金轉向投資自有業務的途徑。當預期的救濟措施到來時，我們預計大麻企業將加大營銷力度並吸引新的購物者。
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First Quarter Financial Summary
第一季度財務摘要
- Retail revenue was $7.9 million, compared to $9.5 million in Q1 2023.
- Brand revenue was $1.2 million, compared to $1.8 million in Q1 2023
- The gross margin was 89%, an improvement over the Q1 2023 gross margin of 88%.
- Total operating expense was $9.8 million, a 34% reduction from $14.9 million in Q1 2023.
- Net loss was $2.4 million, compared to net loss of $5.4 million for Q1 2023.
- Adjusted EBITDA was a loss of $900,000 compared to adjusted EBITDA loss of $3.3 million in Q1 2023.
- Ended the quarter with $14.1 million in cash, excluding restricted cash, a decrease of $1.2 million compared to $15.3 million at the end of Q4 2023.
- 零售收入爲790萬美元，而2023年第一季度爲950萬美元。
- 品牌收入爲120萬美元，而2023年第一季度爲180萬美元
- 毛利率爲89％，比2023年第一季度88％的毛利率有所提高。
- 總運營支出爲980萬美元，較2023年第一季度的1,490萬美元減少了34％。
- 淨虧損爲240萬美元，而2023年第一季度的淨虧損爲540萬美元。
- 調整後的息稅折舊攤銷前利潤虧損90萬美元，而2023年第一季度調整後的息稅折舊攤銷前利潤虧損爲330萬美元。
- 本季度末現金爲1,410萬美元，不包括限制性現金，與2023年第四季度末的1,530萬美元相比減少了120萬美元。
"Over the past 12 months, we have made substantial operating improvements and significant cost reductions to become a more efficient business," Suresh Krishnaswamy, CFO of Leafly said in a statement. "Our team is focused on execution and returning to top-line growth as we drive toward improvements in margins and profitability."
Leafly首席財務官蘇雷什·克里希納斯瓦米在一份聲明中說：“在過去的12個月中，我們進行了實質性的運營改善和成本的顯著降低，以成爲一家更高效的企業。”“在我們努力提高利潤率和盈利能力的同時，我們的團隊專注於執行和恢復收入增長。”
Price Action
價格走勢
Leafly shares closed Thursday's market session 4.67% lower at $2.45 per share.
Leafly股價在週四的市場交易日收盤下跌4.67％，至每股2.45美元。
Photo: Courtesy of C.Aphirak via Shutterstock
照片：由 C.Aphirak 通過 Shutterstock 提供
譯文內容由第三人軟體翻譯。