Lowell Farms Inc. (LOWLF) Q3 2024 Earnings Call Transcript Summary
Lowell Farms Inc. (LOWLF) Q3 2024 Earnings Call Transcript Summary
Operating expenses for Q3 were $1.8 million, equating to 57% of sales.The following is a summary of the Lowell Farms Inc. (LOWLF) Q3 2024 Earnings Call Transcript:
以下是Lowell Farms Inc.（LOWLF）2024年第三季度業績會交易簡報：
Financial Performance:
財務表現：
Lowell Farms reported Q3 2024 net revenue of $3.2 million, an 8% sequential decrease and a 48% decrease year-over-year.
Gross margin reported at negative 29% for Q3, primarily due to selling higher cost inventory.
Operating expenses for Q3 were $1.8 million, equating to 57% of sales.
Net loss for Q3 was $3.6 million, a significant decline compared to the previous quarters.
Adjusted EBITDA for Q3 was negative $2 million.
Lowell Farms報告2024年第三季度淨營業收入爲320萬美元，環比下降8％，同比下降48％。
第三季度報告的毛利率爲負29％，主要原因是銷售成本較高的庫存。
第三季度營業費用爲180萬美元，佔銷售額的57％。
第三季度淨虧損爲360萬美元，與前幾個季度相比有顯著下降。
第三季度調整後的EBITDA爲負200萬美元。
Business Progress:
業務進展：
Lowell Farms has entered the California retail market, acquiring and managing retail outlets to enhance brand presence and margins.
Significant restructuring, including a 45% reduction in staff, aiming for cost reduction and improved operational efficiency.
Entering the co-manufacturing space to produce CPG products for other brands.
Lowell Farms已進入加利福尼亞零售市場，收購和管理零售店以增強品牌知名度和利潤率。
進行了重大重組，包括裁員45％，旨在降低成本並提高運營效率。
進入聯合制造空間，爲其他品牌生產消費品產品。
Opportunities:
機會：
Expansion into retail operations in California presents potential for revenue growth and margin improvement.
New partnerships in manufacturing underscore growth opportunities in branded product distribution.
擴展到加利福尼亞零售業務可帶來營業收入增長和毛利率改善的潛力。
製造業領域的新合作伙伴關係凸顯了品牌產品分銷的增長機會。
Risks:
風險：
Supply chain disruptions and inventory shortages pose risks to consistent product availability and may impact sales.
Ongoing adjustments in operations and market positioning introduce uncertainties in achieving forecasted financial improvements.
供應鏈中斷和庫存短缺對產品供應的穩定性構成風險，並可能影響銷售。
在運營和市場定位方面持續調整，可能會影響實現預期的財務改善。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
