The Flowr Corp. Reports Slight Drop In Revenue For Q1 2022
The Flowr Corp. Reports Slight Drop In Revenue For Q1 2022
The Flowr Corporation (TSX.V:FLWR) (OTCPK:FLWPF) net revenue during Q1 2022 was CA$3.46 million ($2.73 million) or 4% lower than in Q1 2021.
The Flowr公司(多伦多证券交易所股票代码：FLWR)(OTCPK：FLWPF)净收入2022年第一季度加元为346万加元(273万美元)比2021年第一季度下降4%。
Q1 2022 Financial Highlights
2022年第一季度财务亮点
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Gross revenue for Q1 2022 was CA$3.88 million compared to CA$4.4 million in Q1 2021, a decline of CA$525,000 or 12%.
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SG&A expenses for Q1 2022 were CA$2.85 million compared with CA$4 million in Q1 2021, a decrease of CA$1.14 million or 29% primarily as a result of cost reduction measures the company implemented that began 2021 and continued in 2022.
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Gross loss for Q1 2022 was CA$898,000 compared with a profit of CA$143,000 for Q1 2021 primarily as a result of a lower profit margin on products sold.
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Cost of sales for Q1 2022 was CA$3.68 million compared to CA$2.73 million for Q1 2021. The increase in the cost of sales resulted from a significantly higher volume of cannabis sold during the current quarter at 1,180 kilograms compared with 673 kilograms sold during Q1 2021.
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Net loss of the company totaled CA$5.76 million for Q1 2022 compared to a loss of CA$7 million for Q1 2021. The change in net loss was primarily due to a higher gross loss more than offset by lower SG&A, a reversal in share-based compensation, lower depreciation and finance costs.
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毛收入2022年第一季度是388万加元吗？与2021年第一季度的440万加元相比，下降了525,000加元或12%。
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SG&A费用2022年第一季度的加元285万加元与2021年第一季度的400万加元相比，减少了114万加元或29%，主要是由于公司从2021年开始实施并于2022年继续实施的成本削减措施。
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毛损2022年第一季度的加元898,000加元与2021年第一季度的利润143,000加元相比，主要是由于销售产品的利润率较低所致。
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销售成本2022年第一季度加元为368万加元与2021年第一季度的273万加元相比。销售成本增加的原因是本季度的大麻销售量大幅增加，为1,180公斤，而2021年第一季度的销售量为673公斤。
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净亏损公司的一部分总计576万加元2022年第一季度亏损700万加元，而2021年第一季度亏损700万加元。净亏损的变化主要是由于较高的总亏损被较低的SG&A、以股份为基础的薪酬逆转、较低的折旧和融资成本所抵消。
Tom Flow, the interim CEO of Flowr, stated: "The first quarter of 2022 showed that we remain on track with our objective on maintaining our status as a premium cannabis producer. Also, our continued focus on cost reductions is showing in our bottom-line improvements."
TOM流Flowr的临时首席执行官表示：“2022年第一季度表明，我们仍在实现保持优质大麻生产商地位的目标。此外，我们继续专注于降低成本，这体现在我们的利润改善上。”
Failure to file a cease trade order issued by the Ontario Securities Commission on May 6, 2022 against the company has been fully revoked by the applicable regulatory authorities.
安大略省证券委员会于2022年5月6日发布的针对该公司的停止交易令未能提交，已被适用的监管机构完全撤销。
The reinstatement of trading of the company's securities on the TSXV was granted by the TSXV on May 27, 2022 and the common shares of Flowr will be reinstated to trade effective at the opening on May 31, 2022.
公司证券于2022年5月27日在多伦多证券交易所恢复交易，Flowr的普通股将于2022年5月31日开盘时恢复交易。
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