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
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.
大麻生產商及Sunnyside藥店運營商Cresco Labs Inc.（CSE:CL）（OTCQX:CRLBF）（FSE:6CQ）於2024年6月30日星期四發佈了第二季度的財務和營運結果。
"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."
「我們的第二季度業績表明，過去一年我們對業務所做的改進是可持續的，營業收入達1.84億美元，經調整的稅息折舊及攤銷前利潤率爲29％，」首席執行官Charles Bachtell說。「很明顯，我們的策略正在發揮作用；我們正在創造消費者喜愛的品牌，並通過Sunnyside提供一流的零售運營。」
Read Also: Paying Dues For Nothing? Cannabis Workers At Cresco Labs' Illinois Facility Leave The Union, Get 15% Raises
閱讀相關報道：爲什麼付會費？ Cresco Labs伊利諾伊州工廠大麻工人離開工會，獲得15％加薪
Q2 2024 Financial Highlights
2024年第二季度財務業績亮點
- 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.
- 淨收入爲1.84億美元，低於去年同期的1.98億美元。
- 毛利潤共計9480萬美元，高於去年同期的8670萬美元。
- 毛利潤率爲51.4％，高於2023財年第二季度的43.8％。
- 營業收入爲3240萬美元，而去年同期虧損爲1070萬美元。
- 淨虧損爲5120萬美元，而去年同期的淨虧損爲4350萬美元。
- 經調整的稅息折舊及攤銷前利潤（非普通會計原則措施）爲5390萬美元，相比去年同期的調整後稅息折舊及攤銷前利潤爲4050萬美元有所增長。
- 第二季度的營運現金流爲1700萬美元，自由現金流爲1100萬美元。
The company continues to hold the No. 1 share position in Illinois, Pennsylvania and Massachusetts.
該公司繼續在伊利諾伊州，賓夕法尼亞州和馬薩諸塞州擁有第一大市場份額。
"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繼續說：「到目前爲止，今年我們的營運現金流比去年上半年增加了一倍以上，我們正在利用這些資源來加強財務實力、投資於增長業務的核心州並探索有益的增值併購和其他業務機會。」
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CRLBF Price Action
CRLBF股票價格走勢
Cresco's shares traded 2.80% higher at $1.48 per share at the time of publishing late morning on Thursday.
週四上午晚些時候發表時，Cresco的股價上漲了2.80％，達每股1.48美元。