Village Farms Quarterly Revenue Grows 20% YoY As The Cannabis Company Doubles International Sales
Village Farms Quarterly Revenue Grows 20% YoY As The Cannabis Company Doubles International Sales
Village Farms International, Inc. (NASDAQ:VFF) reported its financial results Thursday for the third quarter ended Sep. 30, 2024. The British Columbia-based cannabis company disclosed revenue of $83.37 million, compared to $69.51 million in the same period a year ago.
village farms國際股（納斯達克：VFF）週四公佈了截至2024年9月30日的第三季度財務業績。這家總部位於不列顛哥倫比亞省的大麻公司披露，營業收入爲8337萬美元，而去年同期爲6951萬美元。
"Strong performance in our fresh produce business, continued growth in Canadian cannabis and a doubling of international medicinal cannabis sales drove 20% year-over-year growth in consolidated sales, with both positive Adjusted EBITDA and cash flow from operations during the third quarter," stated Michael DeGiglio, president and CEO. "Our Canadian cannabis business continues to deliver strong growth with leading market share as we realized revenue growth in all sales channels and positive EBITDA and operating cash flow. We were once again the fastest growing producer in Canada over the last year in terms of market share and, for the first time ever, were number one in Quebec, making us the top producer in Canada's two most populus provinces."
"我們的新鮮農產品業務表現強勁，加拿大大麻業務持續增長，國際醫用大麻銷售翻番推動了綜合銷售額同比增長20％，第三季度調整後的EBITDA和經營活動現金流均呈正增長，"總裁兼首席執行官Michael DeGiglio表示。"我們的加拿大大麻業務繼續實現強勁增長，在領先市場份額的同時，我們在所有銷售渠道實現了收入增長，同時實現了正的EBITDA和經營活動現金流。在過去一年中，我們再次成爲加拿大增長最快的生產商，首次在魁北克省名列榜首，使我們成爲加拿大人口最多的兩個省份中的頂尖生產商。"
Read Also: Cannabis REIT Giant IIPR Reports Q3 $39.7M Profit Despite Rent Delays In Sector
閱讀更多：大麻REIT巨頭IIPR報告第三季度3970萬美元的利潤，儘管在該行業中出現租金延遲
Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter here. If you're serious about the business, you can't afford to miss out.
訂閱本新聞快訊，每天免費獲取Benzinga獨家分析和大麻股行業及市場的最新資訊。如果您對業務認真，不容錯過。在這裏訂閱我們的新聞簡報。
Q3 Financial Highlights
Q3財務亮點
- Gross profit was $15.71 million, compared to $14.62 million in the same quarter last year.
- 毛利潤爲1571萬美元，而去年同期爲1462萬美元。
- Net loss was $800,000 or $0.01 per share, compared to loss of $1.3 million or $0.01 per share in the third quarter of 2023
- Adjusted EBITDA was $5.3 million, compared to $3.25 million in the same period last year.
- Consolidated cash flow from operations was $4.3 million compared with $12.1 million in the corresponding quarter of 2023.
- 淨虧損爲80萬美元，每股虧損0.01美元，而去年第三季度的虧損爲130萬美元，每股虧損0.01美元。
- 調整後的EBITDA爲530萬美元，而去年同期爲325萬美元。
- 經營活動的合併現金流爲430萬美元，與2023年同期的1210萬美元相比。
DeGiglio added that the company continued sales increases to its German, Australian and UK partners and that its Dutch business has "the potential to become a strong contributor of profitability and cash flow generation, driven by more favorable pricing and taxes in the Dutch market compared to Canada."
DeGiglio補充說，公司繼續增加對德國、澳大利亞和英國合作伙伴的銷售，並表示荷蘭業務「有潛力成爲利潤和現金流貢獻強大的部分，受荷蘭市場的價格和稅收優惠相對加拿大更有利的推動。」
Price Action
股價變動
Village Farms shares closed Wednesday's market session 11.02% lower at 80 cents per share.
village farms股票收盤時，每股收盤價下跌11.02%，爲80美分。
- Cannabis Stocks Collapse After Trump Win: Major Players See Double-Digit Declines At Wednesday's Close
- 特朗普勝選後大麻股崩盤：主要參與者在週三收盤時看到兩位數的下跌
Photo: Courtesy of HTWE via Shutterstock
圖片：HTWE通過Shutterstock提供
譯文內容由第三人軟體翻譯。