Weed Discovery Marketplace Leafly Q2 Revenue Drops 18% YoY, Customer Accounts Lower As Average Spend Grows
Weed Discovery Marketplace Leafly Q2 Revenue Drops 18% YoY, Customer Accounts Lower As Average Spend Grows
Leafly Holdings, Inc.(NASDAQ:LFLY) reported its financial results Thursday for the second quarter ended June 30, 2024, disclosing revenue of $8.7 million, compared to $10.7 million in the same quarter of 2023.
Leafly Holdings, Inc.（纳斯达克股票代码：LFLY）公布了截止2024年6月30日的第二季度财务报告，营业收入为870万美元，而2023年第二季度为1070万美元。
"We remain focused on enhancing operational efficiency and stabilizing our core business while delivering value to our partners," stated Yoko Miyashita, CEO of Leafly. "We are living in an era of liberalized access to cannabis and we believe the demand for Leafly's trusted voice and guidance has never been greater. We remain invigorated by the opportunities to connect retailers and brands with high-intent consumers."
Leafly的CEO Yoko Miyashita表示：“我们一直致力于提高运营效率和稳定我们的核心业务，同时为合作伙伴提供价值。我们生活在一个大麻准入自由化的时代，我们相信Leafly的可靠声音和指导的需求从未如此强烈。我们对与零售商和品牌与高意愿消费者联系的机会感到振奋。”
The earnings report follows the company's recent partnership upgrade with Uber Eats, a subsidiary of Uber Technologies (NYSE:UBER), to bring cannabis home delivery to Alberta, Canada.
财报发布后，该公司最近与Uber Technologies（纽交所代码：UBER）的附属公司Uber Eats进行了合作，将大麻送货上门服务带到了加拿大阿尔伯塔省。
Read Also: TerrAscend's Q2 2024 Results: Keeps 48.6% Of Revenue As Profit, EBITDA Margin Increases
阅读更多：TerrAscend的2024年第二季度业绩：将48.6％的收入作为利润，EBITDA利润率提高
Second Quarter Summary
第二季度总结
- Net loss was $1.3 million, compared to net loss of $1.4 million for Q2 2023.
- Gross margin was 89%, a slight improvement over Q2 2023 gross margin of 88%.
- Adjusted EBITDA was a gain of $483,000 compared to $80,000 in Q2 2023.
- Retail revenue was $7.3 million, compared to $8.8 million in Q2 2023.
- Brand revenue was $1.4 million, compared to $1.8 million in Q2 2023.
- Total operating expense was $8.4 million, a 17% reduction from $10.2 million in Q2 2023.
- Ended the quarter with $13.6 million in cash, excluding restricted cash, a decrease of $500,000 compared to $14.1 million at the end of Q1 2024.
- 净亏损为130万美元，而2023年第二季度净亏损为140万美元。
- 毛利率为89％，略高于2023年第二季度的88％。
- 调整后的EBITDA为48.3万美元，而2023年第二季度为8万美元。
- 零售业务收入为730万美元，2023年第二季度为880万美元。
- 品牌业务收入为140万美元，2023年第二季度为180万美元。
- 总共营业费用为840万美元，比2023年第二季度的1020万美元减少了17％。
- 季末现金为1360万美元，不包括限制性现金，在2024年第一季度末为1410万美元，较2024年第一季度末减少了50万美元。
During the quarter the number of retail accounts dropped 32% year-over-year to 3,595 accounts. However, the average retail account spending grew to $684 from $558 in the same period last year.
本季度零售账户数量同比下降32％，至3,595个账户，但平均零售账户支出从去年同期的558美元增长到684美元。
Q3 Guidance
Q3指南
Based on current business trends and conditions, Leafly expects third-quarter revenue of around $8.4 million and an adjusted EBITDA loss of less than $1.0 million.
根据当前的业务趋势和情况，Leafly预计第三季度营业收入约为840万美元，调整后的EBITDA亏损不到100万美元。
"Leafly continues to focus on operating efficiently and managing the business towards profitability," CFO Suresh Krishnaswamy said in a statement. "We have a number of projects and initiatives underway to stabilize revenues. We are seeing green shoots associated with these efforts and will have more confidence as we see the results of these initiatives over the next few quarters."
CFO Suresh Krishnaswamy在一份声明中表示：“Leafly继续专注于高效运营并将业务管理向盈利的方向发展。我们正在开展多个项目和创议以稳定收入。我们看到了这些努力带来的希望之芽，随着未来几个季度结果的出现，我们会更有信心。”
Price Action
股价变动
Leafly shares closed Thursday's market session 4.85% higher at $2.16 per share.
Leafly股票周四收盘价为每股2.16美元，上涨了4.85％。
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Photo: Courtesy of SD_FlowerPower via Shutterstock
照片：由SD_FlowerPower通过Shutterstock提供
