Canadian Cannabis Producer Reduces Net Loss In Q2, Reports Drop In Revenue And Gross Profit Improvement
Canadian Cannabis Producer Reduces Net Loss In Q2, Reports Drop In Revenue And Gross Profit Improvement
Red White & Bloom Brands Inc. (CSE:RWB) (OTC:RWBYF) reported on Tuesday its condensed interim consolidated unaudited financial results for its second quarter ended June 30, 2023.
紅白布魯姆品牌公司。(CSE：RWB)(場外交易代碼：RWBYF)週二公佈了截至2023年6月30日的第二季度精簡中期綜合未經審計財務業績。
Q2 2023 Financial Highlights
2023年第二季度財務亮點
- Revenues were CA$21.9 million ($16 million), down from CA$27.4 million in the prior year's period.
- Gross profit, before fair value adjustments, was CA$6.9 million, up from CA$4.8 million in the same quarter of last year.
- Total operating expenses were CA$9.8 million, down from CA$13.3 million in the corresponding period of last year.
- Net loss was CA$ 9.4 million, down from CA$ 17.6 million in the second quarter of fiscal 2022.
- Adjusted EBITDA came in positive at CA$252,778 compared to a negative adjusted EBITDA of CA$6.3 million in the second quarter of last fiscal year.
- As of June 30, the company had CA$310.7 million in total assets and CA$305.7 million in total liabilities.
- 收入為2190萬加元(1600萬美元)，低於上年同期的2,740萬加元。
- 毛利，在公允價值調整前，是690萬加元，高於去年同期的480萬加元。
- 總運營費用是980萬加元，低於去年同期的1,330萬加元。
- 淨虧損940萬加元，低於2022財年第二季度的1760萬加元。
- 調整後的EBITDA結果是肯定的加元252,778加元相比之下，上一財年第二季度調整後的EBITDA為負630萬加元。
- 截至6月30日，該公司擁有總資產為3.107億加元，總負債為3.057億加元。
"Through our continuing cost rationalization efforts, the Company has been able to successfully generate nearly $4 million (fiscal year to date) in reductions to its general and administrative expenses," said Colby De Zen, president of RWB. "The company has also recently invested in optimizing its manufacturing facilities through value-added enhancements, driven by automation and procurement strategies, designed to drive both labor and product cost efficiencies as well as an increase in overall production capacity."
“通過我們不斷的成本合理化努力，公司已經成功地減少了近400萬美元(財政年度到目前為止)的一般和行政費用，”他說。科爾比·德·禪宗、秀克格蘭皇家銀行的總裁。該公司最近還投資於通過在自動化和採購戰略的推動下，通過增值增強來優化其製造設施，旨在推動勞動力和產品成本效率以及整體生產能力的提高。
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要了解更多關於大麻行業公司如何設法維持價格和產品供過於求的資訊，請加入本辛加大麻首都會議，達成交易的地方是今年9月27日至28日，它將重返芝加哥，參加第17屆。今天就買票吧在價格上漲並在大麻投資和品牌推廣的震央獲得一席之地之前。
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Photo: Courtesy of Tim Foster on Unsplash
圖片：由蒂姆·福斯特在Unspash上提供