Earnings Call Summary | LOWELL FARMS INC(LOWLF.US) Q2 2024 Earnings Conference
Earnings Call Summary | LOWELL FARMS INC(LOWLF.US) Q2 2024 Earnings Conference
The following is a summary of the Lowell Farms Inc. (LOWLF) Q2 2024 Earnings Call Transcript:
以下是Lowell Farms Inc. (LOWLF) Q2 2024業績會記錄摘要:
Financial Performance:
金融業績:
Q2 2024 net revenue was $3.5 million, down 27% sequentially and 35% year-over-year.
Gross margin was reported as negative 15.7%, reflecting operational challenges and reduced volume.
Net loss for Q2 was $0.8 million, improved from a net loss of $2.9 million sequentially.
Operating expenses were reduced to $1.6 million from $2.1 million sequentially as part of cost reduction initiatives.
Q2 2024淨營業收入爲350萬美元,環比下降27%,同比下降35%。
毛利率報告爲負15.7%,反映了運營挑戰和成交量減少。
Q2的淨虧損爲80萬美元,環比淨虧損減少290萬美元。
作爲成本削減計劃的一部分,營業費用從上一季度的210萬美元降至160萬美元。
Business Progress:
業務進展:
Lowell Farms exited its cultivation operations, focusing on high margin CPG products.
Added three new distributed brands and expanded sales force to grow market presence.
Engaged in co-manufacturing, generating approximately $100,000 in revenue.
Plans to utilize underused facilities more effectively and enhance operational efficiencies.
Lowell Farms退出種植業務,專注於高毛利率的消費品。
新增三個分銷品牌並擴大銷售團隊,以增加市場份額。
參與共同製造,創造大約10萬美元的收入。
計劃更有效地利用空置設施並提高運營效率。
Opportunities:
機會:
Expansion of sales force and addition of new retail brands aims to drive revenue growth.
Focus on co-manufacturing and utilizing underutilized assets to reduce operational costs and improve profitability.
擴大銷售團隊並增加新零售品牌,旨在推動營業收入增長。
專注於共同製造和利用閒置資產來降低運營成本並提高盈利能力。
Risks:
風險:
Operational challenges such as critical machine failures impacting production.
Continued negative gross margin indicating operational inefficiencies.
運營方面存在問題,如關鍵設備故障影響生產。
持續的負毛利潤表明運營效率低下。
More details: LOWELL FARMS INC IR
更多信息請參考LOWELL FARMS INC IR。
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示:本文由AI生成。文章內容的準確性無法完全保證。有關更全面的詳細信息,請參閱IR網站。本文只是爲投資者提供參考,沒有任何指導或推薦建議。