Canadian Marijuana Company Rubicon Organics Reports Flat Revenue, Adjusted EBITDA Loss, Provides Positive Outlook
Canadian Marijuana Company Rubicon Organics Reports Flat Revenue, Adjusted EBITDA Loss, Provides Positive Outlook
Rubicon Organics Inc. (TSXV:ROMJ) (OTCQX:ROMJF) reported its financial results Wednesday for the first quarter ended March 31, 2024, with revenue of CA$8.9 million ($6.5 million), a 1% increase from CA$8.8 million in the prior year period.
Rubicon Organics Inc.（多倫多證券交易所股票代碼：ROMJ）（場外交易股票代碼：ROMJF）週三公佈了截至2024年3月31日的第一季度財務業績，收入爲890萬加元（合650萬美元），較去年同期的880萬加元增長了1％。
"We anticipated a challenging Q1 due to typical seasonality and the overhang of weak consumer sentiment from 2023," stated CEO Margaret Brodie. "I expect to recover from this temporary dip from our streak of positive Adjusted EBITDA in Q2. In Q1, a changing product mix reduced our gross margin, but this spring we've shifted focus to higher-margin products, expecting improved results in Q2 and beyond. Our Q1 working capital investment for product launches is expected to come to fruition delivering further net revenue growth starting in Q2. Additionally, our first-half results are influenced by the ongoing one-time ERP implementation.
首席執行官瑪格麗特·布羅迪表示：“由於典型的季節性因素以及自2023年起消費者信心疲軟，我們預計第一季度將充滿挑戰。”“我預計將從第二季度調整後息稅折舊攤銷前利潤持續爲正數的暫時下降中恢復過來。在第一季度，產品組合的變化降低了我們的毛利率，但今年春天我們將重點轉移到利潤率更高的產品上，預計第二季度及以後的業績會有所改善。我們第一季度對產品發佈的營運資本投資預計將實現，從而從第二季度開始進一步實現淨收入增長。此外，我們上半年的業績受到正在進行的一次性ERP實施的影響。
"Rubicon Organics holds the #1 premium position in Canada and is poised for growth with the launch of our full spectrum extract vapes line tapping into the highest growth segment in Canada. With a focus on quality, we are confident that our vape launch will not only drive revenue growth but also solidify our position as a leader in the Canadian cannabis market."
“Rubicon Organics在加拿大擁有 #1 的優質地位，隨着我們的全譜提取電子煙系列的推出，該系列開拓了加拿大增長最快的細分市場，Rubicon Organics有望實現增長。我們注重質量，相信我們推出的vape不僅將推動收入增長，還將鞏固我們在加拿大大麻市場領導者的地位。”
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您可以在10月8日至9日在芝加哥舉行的第19屆Benzinga大麻資本會議上聽到有關該行業投資和財務數據的更多信息。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。
Q1 2024 and Subsequent Highlights:
2024 年第一季度及後續亮點：
- Gross profit was CA$2.4 million, which compares to CA$3.17 million in the first quarter of last year.
- Adjusted EBITDAwas a loss of CA$423,212 compared to a gain of CA$168,665 in the same period of 2023.
- Cash used by operating activities was CA$900,000 compared to cash provided by operating activities of CA$200,000 in Q1 2023.
- As of March, 31 the company had CA$8.12 million in cash and cash equivalents, compared to CA$9.8 million on Dec. 31.
- 毛利爲240萬加元，而去年第一季度爲317萬加元。
- 調整後的息稅折舊攤銷前利潤虧損423,212加元，而2023年同期的收益爲168,665加元。
- 經營活動使用的現金爲90萬加元，而2023年第一季度經營活動提供的現金爲20萬加元。
- 截至3月31日，該公司擁有812萬加元的現金及現金等價物，而12月31日爲980萬加元。
2024 Outlook
2024 年展望
Rubicon Organics anticipates year-over-year growth in net revenue, supported by modest increases in its cost base, excluding the impact of the ERP implementation occurring mostly in the first half, thereby enhancing it operating leverage.
Rubicon Organics預計，淨收入將同比增長，這得益於其成本基礎的適度增長，其中不包括主要發生在上半年的ERP實施的影響，從而提高其運營槓桿率。
The company projects most of the growth to come from it branded products that are produced using external capacity. It also expects to see price compression across all categories in Canadian cannabis industry, but projects to deliver continued operating positive cash flow in the year ahead and plan to refinance its debt to a longer-term mortgage facility in the second half of 2024.
該公司預計，大部分增長將來自使用外部產能生產的品牌產品。該公司還預計，加拿大大麻行業所有類別的價格都將壓縮，但預計未來一年將持續實現正的運營現金流，並計劃在2024年下半年將其債務再融資到長期抵押貸款額度。
Price Action
價格走勢
Rubicon Organic shares traded 0.14% higher at 40 cents per share during Thursday's per-market session.
在週四的每盤交易中，Rubicon Organic股價上漲0.14％，至每股40美分。
Photo: Courtesy of Hvoenok and GOR Photo on Shutterstock
照片：由 Hvoenok 和 Shutterstock 上的 GOR 照片提供
譯文內容由第三人軟體翻譯。