Canadian Marijuana Stock Slightly Up On Q2 Earnings: 9.3% YoY Revenue Growth, Reduced Net Loss
Canadian Marijuana Stock Slightly Up On Q2 Earnings: 9.3% YoY Revenue Growth, Reduced Net Loss
Canadian cannabis company SNDL Inc. (NASDAQ:SNDL) reported Monday its financial results for the second quarter ended June 30, 2023, disclosing revenue of CA$244.5 million ($182 million), up by 9.3% from CA$223.7 million in the same period of 2022.
加拿大大麻公司 SNDL Inc.。納斯達克股票代碼：SNDL）週一公佈了截至2023年6月30日的第二季度財務業績， 披露收入爲2.445億加元 （1.82億美元），較2022年同期的2.237億加元增長9.3％。
"Our incredible two-year journey from less than $10 million of net revenue and negative gross margin in Q2 2021 to our current trajectory of reaching an expected $1 billion in annual revenue and continued gross margin growth in 2023 is a testament to our team's commitment to becoming a leader in Canadian regulated products," stated Zach George, CEO of SNDL. "We have taken decisive steps to simplify operations throughout our business segments with a sharp focus on the goal of reaching profitability in 2024. In Liquor Retail, we are capitalizing on margin-accretive product opportunities and modest expansion. In Cannabis Retail, our data licensing program is driving improved profitability and supplier relationships, and we look to enhance consumer engagement through new loyalty capabilities. In our Cannabis Operations, we have taken aggressive cost-cutting measures, streamlined manufacturing operations, and reduced reliance on high-cost cultivation."
他說：“從2021年第二季度淨收入不到1000萬美元，毛利率爲負，到目前預計年收入達到10億美元，2023年毛利率持續增長，我們經歷了令人難以置信的兩年旅程，這證明了我們的團隊致力於成爲加拿大監管產品的領導者。” 扎克·喬治，SNDL 首席執行官。“我們已經採取了果斷措施來簡化整個業務領域的運營，重點是在2024年實現盈利的目標。在酒類零售方面，我們正在利用利潤增加的產品機會和適度的擴張。在 Cannabis Retail，我們的數據許可計劃正在推動盈利能力和供應商關係的改善，我們希望通過新的忠誠度功能提高消費者的參與度。在我們的大麻業務中，我們採取了積極的削減成本的措施，精簡了製造業務，減少了對高成本種植的依賴。”
Q2 Financial Highlights
第二季度財務亮點
Cannabis retail net revenue amounted to CA$71.9 million, up by 13.2% from the second quarter of 2022.
Net loss was CA$33.2 million, which compares to a net loss of CA$74.0 million in the corresponding period of 2022.
Adjusted EBITDA was a gain of CA$2.2 million, versus an adjusted EBITDA loss of CA$25.9 million in the same quarter of the prior year.
SNDL currently has five credit exposures in the SunStream portfolio following the monetization of a credit exposure in July 2023. The current portfolio includes one credit under a court-supervised receivership process and another in active restructuring negotiations.
As of June 20, the company has CA$754 million of unrestricted cash, marketable securities and investments, and no outstanding debt.
大麻零售淨收入爲7190萬加元，比2022年第二季度增長13.2％。
淨虧損爲3,320萬加元， 相比之下，2022年同期的淨虧損爲7,400萬加元。
調整後的息稅折舊攤銷前利潤爲220萬加元， 而去年同期調整後的息稅折舊攤銷前利潤虧損爲2590萬加元。
繼2023年7月信貸敞口貨幣化之後，SNDL目前在SunStream投資組合中有五筆信貸敞口。目前的投資組合包括一項在法院監督下的破產管理程序下的信貸和另一項正在進行的重組談判中的信貸。
截至6月20日，該公司擁有7.54億加元的無限制現金、有價證券和投資，沒有未償債務。
Price Action
價格走勢
SNDL shares were trading 5.03% higher at $1.67 per share during Monday's pre-market session.
SNDL 的股票是交易價格上漲了 5.03% 在週一的盤前交易時段爲每股1.67美元。
Benzinga Cannabis Capital Confrence
Benzinga 大麻資本會議
The Benzinga Cannabis Capital Conference, the place where deals get done, is returning to Chicago this Sept 27-28 for its 17th edition. Get your tickets today before prices increase and secure a spot at the epicenter of cannabis investment and branding.
Benzinga Cannabis Capital Conference是達成交易的地方，將於9月27日至28日重返芝加哥參加第17屆會議。在價格上漲之前立即獲取門票，並在大麻投資和品牌的中心佔有一席之地。