Canadian Marijuana Company Reports 5th Consecutive Quarter Of Positive Cash Flow From Operations
Canadian Marijuana Company Reports 5th Consecutive Quarter Of Positive Cash Flow From Operations
Gross revenue was CA$7.5 million, up by 61% from the previous year, and down from a record CA$9 million in the second quarter.Canadian cannabis company Avant Brands Inc. (TSX:AVNT) (OTCQX:AVTBF) (FRA:1BU0) reported its financial results for the third quarter of fiscal 2023, disclosing net revenue of CA$6.5 million ($4.8 million) up by 64% year-over-year and down by 18.75% sequentially.
加拿大大麻公司先锋品牌公司(多伦多证券交易所股票代码：AVNT)(OTCQX：AVTBF)(法兰克福机场股票代码：1BU0)报告了其2023财年第三季度的财务业绩，披露净收入为650万加元(合480万美元)，同比增长64%，环比下降18.75%。
"Q3 2023 continued our trend of delivering strong year-over-year sales growth, coupled with positive cash flow from operations," stated Norton Singhavon, CEO of Avant. "Furthermore, Q3 2023 was by far our best quarter for cannabis harvests, which sets the stage for additional sales growth in Q4 2023 and beyond."
2023年第三季度，我们延续了强劲的销售同比增长势头，同时运营现金流也呈正增长。诺顿·辛哈冯，Avant的首席执行官。此外，到目前为止，2023年第三季度是我们大麻收成最好的季度，这为2023年第四季度及以后的销售增长奠定了基础。
See Also: Avant Q2 FY23 Net Revenue Grows 96% YoY, What About Adjusted EBITDA
另请参阅：Avant 2013财年第二季度净收入同比增长96%，调整后的EBITDA如何
Q3 Financial Highlights
第三季度财务亮点
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Gross revenue was CA$7.5 million, up by 61% from the previous year, and down from a record CA$9 million in the second quarter.
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Adjusted EBITDA was a gain of CA$900,000 compared to CA$200,000 a year ago, and CA$1.7 million in the previous quarter.
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Net and comprehensive income amounted to CA$900,000 , compared to a net loss of CA$1.1 million in the same period of 2022, and net loss of CA$390,000 in the previous quarter.
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Cash flow from operations after changes in non-cash working capital of CA$1.8 million, which compares to CA$1.6 million a year ago.
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As at the end of Q3 2023 the company had approximately CA$1.7 million in cash, representing an increase of CA$0.9 million over Q2 2023. Working capital at the end of the period was CA$17.4 million.
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毛收入是 钙750万美元，与去年同期相比增长了61%，低于第二季度创纪录的900万加元。
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与一年前的20万加元和上一季度的170万加元相比，调整后的EBITDA增加了90万加元。
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净和全面收益为900,000加元，而2022年同期净亏损110万加元，上一季度净亏损390,000加元。
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非现金营运资金变动后的营运现金流为180万加元，而一年前为160万加元。
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截至2023年第三季度末，公司拥有约170万加元的现金，比2023年第二季度增加了90万加元。期末营运资金为1,740万加元。
Price Action
价格行动
Avant Brands closed Monday market session 1.13% higher at $0.13 per share.
See Also: Sundial, Canopy Growth And More: Analyst Examines The Race For The US Cannabis Market
先锋品牌周一收盘上涨1.13%，至每股0.13美元。
另见：日规、树冠增长等：分析师审视美国大麻市场的竞争
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Photo: Courtesy of Richard T via Unsplash
图片：由Richard T通过UnSplash提供