SLANG Q2 Revenue Declines 14.5% YoY, What About Adjusted EBITDA?
SLANG Q2 Revenue Declines 14.5% YoY, What About Adjusted EBITDA?
SLANG Worldwide Inc. (OTCQB:SLGWF) (CSE:SLNG) released financial results for the three months ended June 30, 2023, revealing revenue from continuing operations was CA$8.44 million, a decrease of 14.5% compared with CA$9.87 million Q2 2022.
俚语全球公司。(场外股票代码：SLGWF)(CSE：SLNG)发布了截至2023年6月30日的三个月的财务业绩，披露收入从持续运营中解脱出来加元844万加元一种下降14.5%与2022年第二季度的987万加元相比。
Q2 2023 Financial Highlights
Q22023年金融亮点
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Gross profit of CA$4.4 million, a decrease of 3.3% compared with CA$4.5 million in Q2 2022.
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Gross margin of 52% compared to 43% in Q2 2022.
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Total comprehensive loss was CA$3.5 million, compared to a loss of CA$3.5 million in Q2 2022.
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Adjusted EBITDA was negative CA$762,000, compared to negative CA$704,000 in Q2 2022.
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CA$10.07 million in cash and restricted cash on June 30, 2023, compared to CA$11.67 million in cash and restricted cash on March 31, 2023. The company received an additional CA$1.63 million in ERTC (employee retention tax credit) from the Internal Revenue Service post quarter-end. As of August 15, 2023, SLANG had CA$11.23 million in cash and restricted cash compared to CA$11.92 million on December 31, 2022.
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毛利为440万加元，较2022年第二季度的450万加元下降3.3%。
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毛利率为52%，而2022年第二季度为43%。
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总综合亏损为350万加元，而2022年第二季度亏损为350万加元。
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调整后的EBITDA为负762,000加元，而2022年第二季度为负704,000加元。
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2023年6月30日的现金和限制性现金为1007万加元，而2023年3月31日的现金和限制性现金为1167万加元。该公司在季度末后从美国国税局获得了另外163万加元的ERTC(员工留任税收抵免)。截至2023年8月15日，slang拥有1123万加元的现金和限制性现金，而2022年12月31日为1192万加元。
"In Q2 2023, SLANG achieved another significant milestone with our strongest adjusted gross margins to date, showcasing our dedication to driving financial results across all areas of the business. We also used the quarter to introduce a compelling range of new high-margin products, which will continue to position us as leaders in a rapidly evolving cannabis market," stated John Moynan, CEO of SLANG. "Our capacity to reduce operating expenses, streamline our vertically integrated operations, and introduce new higher-margin revenue channels in our core markets continues to drive our margin expansion and enhance our bottom-line growth. With a strong operational infrastructure in place to advance new growth initiatives, we are strategically focused on constant innovation for our customers in order to deliver today's most demanded cannabis brands to key cannabis markets nationwide."
SLANG在2023年第二季度实现了另一个重要里程碑，我们迄今调整后的毛利率最高，展示了我们致力于推动业务所有领域的财务业绩。我们还利用该季度推出了一系列引人注目的高利润率新产品，这将继续使我们成为快速发展的大麻市场的领导者。约翰·莫伊南，俚语的首席执行官。我们降低运营成本、精简垂直整合业务、在核心市场引入新的高利润率收入渠道的能力继续推动我们的利润率扩大和增强我们的底线增长。随着强大的运营基础设施到位以推进新的增长计划，我们从战略上专注于为我们的客户不断创新，以便将当今需求最大的大麻品牌提供给全国关键的大麻市场。
Benzinga Cannabis Capital Conference
本辛加大麻首都会议
The Benzinga Cannabis Capital Conference, the place where deals get done, is returning to Chicago this Sept 27-28 for its 17th edition. Get your tickets today before prices increase and secure a spot at the epicenter of cannabis investment and branding.
Benzinga Cannabis Capital Conference是达成交易的地方，将于今年9月27日至28日返回芝加哥举行第17届。在价格上涨之前今天就买到票，并在大麻投资和品牌推广的中心获得一席之地。
Photo by Mackenzie Marco on Unsplash
Mackenzie Marco在Unspash上的照片
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