Cannabis Co. Cresco Lab's Q2 Gross Profit Increases Over 9% YoY, Reports Nearly 7% Drop In Revenue
Cannabis Co. Cresco Lab's Q2 Gross Profit Increases Over 9% YoY, Reports Nearly 7% Drop In Revenue
The company continues to hold the No. 1 share position in Illinois, Pennsylvania and Massachusetts.Cannabis producer and operator of Sunnyside dispensaries, Cresco Labs Inc. (CSE:CL) (OTCQX:CRLBF) (FSE: 6CQ) released its financial and operating results Thursday for the second quarter ended June 30, 2024.
大麻生产商及Sunnyside药店运营商Cresco Labs Inc.（CSE:CL）（OTCQX:CRLBF）（FSE:6CQ）于2024年6月30日星期四发布了第二季度的财务和营运结果。
"Our Q2 results demonstrate the sustainability of the improvements we've made to the business over the past year with $184 million in revenue at a 29% Adjusted EBITDA margin," said CEO Charles Bachtell. "It is clear our strategy is working; we are creating the brands consumers love and delivering best-in-class retail operations through Sunnyside."
“我们的第二季度业绩表明，过去一年我们对业务所做的改进是可持续的，营业收入达1.84亿美元，经调整的税息折旧及摊销前利润率为29％，”首席执行官Charles Bachtell说。“很明显，我们的策略正在发挥作用；我们正在创造消费者喜爱的品牌，并通过Sunnyside提供一流的零售运营。”
Read Also: Paying Dues For Nothing? Cannabis Workers At Cresco Labs' Illinois Facility Leave The Union, Get 15% Raises
阅读相关报道：为什么付会费？ Cresco Labs伊利诺伊州工厂大麻工人离开工会，获得15％加薪
Q2 2024 Financial Highlights
2024年第二季度财务业绩亮点
- Net revenues totaled $184.3 million, down from $197.9 million in the prior year's period.
- Gross profit totaled $94.8 million, up from $86.7 million in the same period last year.
- Gross profit margin was 51.4%, up from 43.8% in the second quarter of fiscal 2023.
- Operating income was $32.4 million, compared to a $10.7 million loss from operations in the same period of fiscal 2024.
- Net loss totaled $51.2 million, up from $43.5 million net loss in the prior year's period.
- Adjusted EBITDA (a non-GAAP measure) came in positive at $53.9 million, compared to an adjusted EBITDA gain of $40.5 million in the corresponding quarter of last year.
- Second quarter operating cash flow of $17 million and free cash flow of $11 million.
- 净收入为1.84亿美元，低于去年同期的1.98亿美元。
- 毛利润共计9480万美元，高于去年同期的8670万美元。
- 毛利润率为51.4％，高于2023财年第二季度的43.8％。
- 营业收入为3240万美元，而去年同期亏损为1070万美元。
- 净亏损为5120万美元，而去年同期的净亏损为4350万美元。
- 经调整的税息折旧及摊销前利润（非普通会计原则措施）为5390万美元，相比去年同期的调整后税息折旧及摊销前利润为4050万美元有所增长。
- 第二季度的营运现金流为1700万美元，自由现金流为1100万美元。
The company continues to hold the No. 1 share position in Illinois, Pennsylvania and Massachusetts.
该公司继续在伊利诺伊州，宾夕法尼亚州和马萨诸塞州拥有第一大市场份额。
"So far this year we've generated over twice as much operating cash flow than the first half of last year and we are putting it to work strengthening our balance sheet, investing in our core growth states with adult-use optionality, and exploring accretive, incremental M&A and other business opportunities," Bachtell continued.
Bachtell继续说：“到目前为止，今年我们的营运现金流比去年上半年增加了一倍以上，我们正在利用这些资源来加强财务实力、投资於增长业务的核心州并探索有益的增值并购和其他业务机会。”
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CRLBF Price Action
CRLBF股票价格走势
Cresco's shares traded 2.80% higher at $1.48 per share at the time of publishing late morning on Thursday.
周四上午晚些时候发表时，Cresco的股价上涨了2.80％，达每股1.48美元。
