Earnings Call Summary | LOWELL FARMS INC(LOWLF.US) Q1 2024 Earnings Conference
Earnings Call Summary | LOWELL FARMS INC(LOWLF.US) Q1 2024 Earnings Conference
The following is a summary of the Lowell Farms, Inc. (LOWLF) Q1 2024 Earnings Call Transcript:
以下是洛厄爾農場公司（LOWLF）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Lowell Farms reported a decline in Q1 2024 net revenue by 35% both sequentially and year-over-year to $4.9 million.
Their CPG revenue also decreased by 10% sequentially and 11% annually to $4.1 million.
There was a reported negative gross margin of 17% due to expenses related to the exit from the cultivation facility and reduced volume at the processing facility.
The company suffered an operating and net loss of $2.9 million with an adjusted EBITDA at negative $1.1 million in the first quarter.
洛厄爾農場報告稱，2024年第一季度的淨收入連續和同比下降了35％，至490萬美元。
他們的CPG收入也連續下降了10％，每年下降11％，至410萬美元。
據報道，由於與退出種植設施和加工設施產量減少相關的費用，毛利率爲負17％。
該公司的營業和淨虧損爲290萬美元，第一季度調整後的息稅折舊攤銷前利潤爲負110萬美元。
Business Progress:
業務進展：
Lowell Farms successfully transitioned away from their own biomass harvested at Zabala cultivation site to procuring biomass from the spot market, which led to improved margins and a diverse product offering.
They are actively monitoring the California cannabis market's significant consolidation as a strategic opportunity.
Following discontinuation of direct farming operations, the company is exploring subleasing options for effective utilization of additional capacity.
Their third-party distribution services are experiencing robust demand, with plans to expand the portfolio.
Lowell Herb Co registered over 42% quarterly growth with their Lowell infused 35's line.
洛厄爾農場成功地從在扎巴拉種植場採集的生物質轉變爲從現貨市場採購生物質，這提高了利潤率並提供了多樣化的產品。
他們正在積極監測加州大麻市場的重大整合，以此作爲戰略機遇。
在停止直接農業業務後，該公司正在探索轉租方案，以有效利用額外產能。
他們的第三方分銷服務需求強勁，並計劃擴大產品組合。
洛厄爾香草公司的季度增長超過42％，其洛厄爾注入了35％的產品線。
More details: LOWELL FARMS INC IR
更多詳情： 洛厄爾農場公司
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。