Canadian Cannabis Co. Decibel Reports 12% YoY Drop In Q3 Revenue But Increases Gross Margin To 53%
Canadian Cannabis Co. Decibel Reports 12% YoY Drop In Q3 Revenue But Increases Gross Margin To 53%
The company said that it's seeing significant demand for its flower internationally as it continues to integrateDecibel Cannabis Company Inc. (TSXV:DB) (OTCQB:DBCCF) announced its unaudited interim financial results on Thursday for the third quarter ending Sept. 30, 2024.
Decibel Cannabis Company Inc.（多伦多证券交易所股票代码：DBCCF）周四公布了截至2024年9月30日的第三季度未经审计的中期财务业绩。
"Decibel has been very deliberate about reducing our current liabilities, by ~5mm this quarter," CEO Benjamin Sze said. "Maintaining discipline over time will result in a stronger balance sheet. This marks the last quarter where our primary focus is on Canadian domestic recreational sales. While we continue to integrate AgMedica into our portfolio, it is encouraging to see significant demand internationally for Decibel flower."
首席执行官本杰明·施说：“Decibel一直在深思熟虑地将我们的流动负债减少约5毫米。”“随着时间的推移保持纪律将导致资产负债表的增强。这标志着我们上个季度主要关注加拿大国内娱乐产品的销售。尽管我们继续将AgMedica整合到我们的产品组合中，但令人鼓舞的是，国际上对分贝花的需求巨大。”
Read Also: Decibel Cannabis Reports 22% YoY Decrease In Q2 Net Revenue, Plans To Benefit With New Product Launches
另请阅读：Decibel Cannabis报告称，第二季度净收入同比下降22％，计划受益于新产品的发布
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Q3 Financial Highlights
第三季度财务摘要
- Net revenue totaled CA$24.1 million ($17.2 million), representing a 9% increase sequentially, but a 12% decrease year-over-year.
- Gross profit before fair value adjustments was CA$12.7 million, compared to roughly CA$12 million in the prior year's period.
- Gross margin before fair value adjustments reached 53% in the third quarter, up from 44% in the prior year's period, reflecting improved operational efficiency.
- Adjusted EBITDA was positive at CA$5.1 million, representing a 31% increase from the previous quarter but a 21% decrease year over year.
- Net loss and comprehensive loss amounted to CA$585 000, compared to a net income and comprehensive income of CA$413 000.
- Generated positive free cash flow of $1.8 million, up 75% year-over-year.
- 净收入总额为2410万加元（合1720万美元），环比增长9％，但同比下降12％。
- 公允价值调整前的毛利为1,270万加元，而去年同期约为1,200万加元。
- 公允价值调整前的毛利率在第三季度达到53％，高于去年同期的44％，这反映了运营效率的提高。
- 调整后的息税折旧摊销前利润为正数，为510万加元，比上一季度增长31％，但同比下降21％。
- 净亏损和综合亏损为58.5万加元，而净收益和综合收益为41.3万加元。
- 产生了180万澳元的正自由现金流，同比增长75％。
The company said that it's seeing significant demand for its flower internationally as it continues to integrate AgMedica.
该公司表示，随着AgMedica的持续整合，国际上对其花卉的需求量很大。
Decibel closed the acquisition of AgMedica Bioscience Ltd. in October. The transaction was arranged through an agreement with Callisto Capital Corp. and was made in exchange for a $6.3 million unsecured convertible debenture.
Decibel于10月完成了对AgMedica Bioscience Ltd.的收购。该交易是通过与Callisto Capital Corp. 的协议安排的，以换取630万美元的无抵押可转换债券。
- Decibel's $10M Strategy: How It Could Enhance Your Canadian Cannabis Portfolio
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DBCCF Price Action
DBCCF 价格走势
Decibel's shares traded 5.54% higher at $0.0495 per share after the market close on Thursday afternoon.
周四下午收盘后，Decibel的股价上涨了5.54％，至每股0.0495美元。
