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大麻股公司（tsxv:db）（otcqb:dbccf）於週四發佈了截至2024年9月30日的第三季度未經審核的財務報告。
"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."
「Decibel在減少當前負債方面非常有意識，本季度減少了約500萬，」首席執行官Benjamin Sze表示。「隨着時間的推移保持紀律將會導致更強的資產負債表。這是我們主要關注加拿大國內休閒銷售的最後一個季度。雖然我們繼續將AgMedica整合到我們的投資組合中，但看到Decibel花卉在國際市場上有着顯著的需求，這是令人鼓舞的。」
Read Also: Decibel Cannabis Reports 22% YoY Decrease In Q2 Net Revenue, Plans To Benefit With New Product Launches
閱讀更多：Decibel大麻股報告Q2淨營業收入同比下降22%，計劃通過新產品推出獲益
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Q3 Financial Highlights
Q3財務亮點
- 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.
- 淨營業收入達到2410萬加元（1720萬美金），比上季度增長了9%，但同比減少了12%。
- 毛利潤在公平價值調整前爲1270萬加元，相較於去年同期的1200萬加元。
- 毛利率在公平價值調整前在第三季度達到53%，高於去年同期的44%，反映出運營效率的提高。
- 調整後的EBITDA爲510萬加元，較上個季度增加31%，但同比減少21%。
- 淨虧損和綜合虧損爲58.5萬加元，而淨利潤和綜合收入爲41.3萬加元。
- 產生了180萬的正自由現金流，同比增加75%。
The company said that it's seeing significant demand for its flower internationally as it continues to integrate AgMedica.
公司表示，隨着其繼續整合AgMedica，國際市場對其花卉產品的需求顯著增長。
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在10月份完成了對AgMedica Bioscience Ltd.的收購。該交易是通過與Callisto Capital corp.達成協議而安排的，並以630萬加元的無擔保可轉換債券作爲交換。
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DBCCF Price Action
DBCCF價格動態
Decibel's shares traded 5.54% higher at $0.0495 per share after the market close on Thursday afternoon.
Decibel的股份在週四下午市場關閉後交易上漲5.54%，達到每股0.0495加元。
