Simply Better's Q2 Gross Profit Increases 83% YoY, Revenue Down 17% As CBD Segment Dips
Simply Better's Q2 Gross Profit Increases 83% YoY, Revenue Down 17% As CBD Segment Dips
Simply Better Brands Corp. (TSXV:SBBC) (OTCQB:SBBCF) announced on Monday its interim financial results for the second quarter ended June 30, 2024.
Simply Better Brands Corp. (tsxv:SBBC) (OTCQB:SBBCF)週一宣佈了2024年截至6月30日第二季度的中期財務業績。
Revenue totaled $7 million for the period, down from $8.4 million in the second quarter of fiscal 2023. The company attributed a 17% year-over-year decline to a decrease in revenue in the CBD segment.
該時期的收入爲700萬美元，較2023財年第二季度的840萬美元下降。公司將17%的同比下降歸因於CBD業務收入下降。
"I am very pleased with the Company's progress over this past quarter, during which we achieved significant milestones in expanding our distribution footprint, enhancing our financial position, and strengthening our leadership team and board," said Kingsley Ward, CEO and chairman of SBBC. "We have completed our restructuring efforts after divesting non-core assets, ensuring we are laser-focused on our key growth areas. We are proud of our accomplishments this quarter and remain committed to delivering value to our shareholders."
「在過去一個季度裏，我們在擴大分銷網絡、增強財務實力、加強領導團隊和董事會等方面實現了重要的里程碑，我對公司的進展非常滿意。」 SBBC的首席執行官兼董事長Kingsley Ward說道，「在剝離非核心資產後，我們已經完成了公司重組，確保我們聚焦於公司的關鍵增長領域。我們爲本季度取得的成就感到自豪，並致力於爲股東提供價值。」
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Q2 2024 Financial Results
2024年第二季度財務業績
- Gross profit amounted to $3.3 million (or 47% gross margin percentage) compared to gross profit of $1.8 million for the three months ended June 30, 2023.
- Operating costs totaled $4.1 million, representing an increase of $0.8 million (or 24%), compared to $3.3 million for the three months ended June 30, 2023.
- Adjusted EBITDA came in positive at $0.3 million from continuing operations, representing a $0.7 million improvement over the positive adjusted EBITDA achieved in the comparable period in 2023.
- The net loss from continuing operations was $7.1 million compared to a net loss of $2.7 million for the three months that ended on June 30, 2023.
- 期間的毛利潤總額爲330萬美元（毛利率爲47%），而2023年6月30日結束的三個月的毛利潤爲180萬美元。
- 運營成本總計410萬美元，比2023年6月30日結束的三個月的330萬美元增加了80萬美元（或24%）。
- 調整後的經營利潤（EBITDA）爲正，來自持續經營的30萬美元，在2023年同期已經實現的調整後的經營利潤的基礎上改善了70萬美元。
- 持續經營的淨虧損爲710萬美元，而截至2023年6月30日的三個月的淨虧損爲270萬美元。
Leadership And Executive Changes
領導層和高級管理變革
During the second quarter, Better announced the additions of Erica Groussman, Brock Bundy and St. John Walshe to its board of directors.
在第二季度，Better宣佈將Erica Groussman、Brock Bundy和St.John Walshe納入其董事會。
On July 11, the company announced J.R. Kingsley Ward has become SBBC's permanent CEO in addition to his role as chairman of the SBBC board of directors after successfully leading the company through a period of transition and growth since February 2024 as interim CEO.
7月11日，公司宣佈，自2024年2月以來擔任代理首席執行官的J.R.Kingsley Ward成功帶領公司度過了過渡期和增長期，已成爲SBBC的常任首席執行官，同時還擔任SBBC董事會主席。
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閱讀下一篇
- Simply Better Brands Corp. Announces Second Quarter Results At $23.6 M In Revenue While Investing In Brand Growth And Capability Expansion
- Simply Better Brands Corp.宣佈第二季度業績爲2,360萬美元，同時在品牌增長和能力擴展方面進行投資。
譯文內容由第三人軟體翻譯。