TerrAscend's Q2 2024 Results: Keeps 48.6% Of Revenue As Profit, EBITDA Margin Increases
TerrAscend's Q2 2024 Results: Keeps 48.6% Of Revenue As Profit, EBITDA Margin Increases
The company's gross profit for the quarter was $37.7 million, resulting in a gross margin of 48.6%, slightly down from 50.2% in Q2 2023.TerrAscend Corp. (OTC:TSNDF) reported net revenue of $77.5 million for the second quarter of 2024, reflecting a 7.5% increase compared to $72.1 million in the same period in 2023.
TerrAscend公司(OTC:TSNDF)报告2024年第二季度净收入为$77.5百万美元，与2023年同期的$72.1百万美元相比增长了7.5%。
Executive chairman Jason Wild highlighted the company's material revenue and EBITDA growth, positive free cash flow and a strategic focus on geographic expansion supported by a recently secured $140 million term loan.
执行主席Jason Wild强调了公司实质性的收入和EBITDA增长，自由现金流是正的，战略重心在地理扩张上，这得到了最近获得的1.4亿美元的长期贷款的支持。
"We are closing in on multiple transactions to expand our geographic footprint and the recent closing of our $140 million term loan provides financial flexibility and fuel to execute this growth strategy. We can't wait to share more details, when appropriate," Wild stated in a press release.
Wild在一份新闻发布中表示:"我们正在接近多宗交易以扩大我们的地理范围，最近获得的1.4亿美元的长期贷款为执行这一增长战略提供了财务灵活性和资金支持。适当时我们将分享更多细节。"
Gross Profit And Margin
毛利润与毛利率
The company's gross profit for the quarter was $37.7 million, resulting in a gross margin of 48.6%, slightly down from 50.2% in Q2 2023.
本季度公司的毛利润为$37.7百万美元，导致毛利率为48.6%，略低于2023年第二季度的50.2%。
Net Loss
净亏损
TerrAscend recorded a net loss from continuing operations of $6.2 million, an improvement from the net loss of $12.9 million in the second quarter of 2023.
TerrAscend的持续经营净损失为$62百万美元，相比于2023年第二季度的净亏损129百万美元有所改善。
Adjusted EBITDA
调整后的EBITDA
Adjusted EBITDA from continuing operations grew by 21.9% year-over-year to $15.6 million, with an adjusted EBITDA margin of 20.2%, up from 17.8% in the same quarter of the previous year.
持续经营的调整后EBITDA同比增长21.9%，达到156百万美元，调整后EBITDA的毛利率为20.2%，高于去年同季度的17.8%。
Price Action: TSNDF closed at $1.35, up 11.57% for the day.
股票价格：TSNDF收盘价为1.35美元，日涨幅为11.57%。
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Photo: AI-generated image.
图片：由人工智能生成的图像。