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SLANG Worldwide Inc. (SLGWF) Q3 2023 Earnings Call Transcript Summary

SLANG Worldwide Inc. (SLGWF) Q3 2023 Earnings Call Transcript Summary

SLANG Worldwide Inc. (SLGWF) 2023 年第三季度财报电话会议记录摘要
moomooAI ·  2023/11/28 19:26  · 电话会议

The following is a summary of the SLANG Worldwide Inc. (SLGWF) Q3 2023 Earnings Call Transcript:

以下是 SLANG Worldwide Inc. (SLGWF) 2023 年第三季度财报电话会议记录摘要：

Financial

金融

  1. Q3 revenue was $9.1 million, up 11.4% YoY.

  2. Gross profit increased by 34.8% YoY.

  3. Cash position improved to $10.82 million in Q3 2023.

  4. Gross margin was 53% for Q3 2023, marking a 9% YoY increase.

  5. Operating expenses reduced by 30.6% YoY.

  6. EBITDA loss improved from Q3 2022.

  1. 第三季度收入为910万美元，同比增长11.4％。

  2. 毛利同比增长34.8％。

  3. 2023年第三季度，现金状况改善至1,082万美元。

  4. 2023年第三季度的毛利率为53％，同比增长9％。

  5. 运营费用同比减少30.6％。

  6. 息税折旧摊销前利润损失较2022年第三季度有所改善。

Business

商业

  1. Significant growth in Vermont with QoQ sales increasing 24%.

  2. Expansion to Maryland and West Virginia, increasing market presence to 13 states.

  3. Initiatives led to YoY sales increase in Colorado since July 2023.

  4. Considering strategic alternatives for business consolidation, sale, merger, or recapitalization.

  1. 佛蒙特州大幅增长，季度销售额增长24％。

  2. 扩展到马里兰州和西弗吉尼亚州，将市场份额扩大到13个州。

  3. 自2023年7月以来，这些举措使科罗拉多州的销售额同比增长。

  4. 考虑业务整合、出售、合并或资本重组的战略替代方案。

Financial Performance:

财务业绩：

  • SLANG Worldwide Inc. reported Q3 revenue from continuing operations of $9.1 million, an 11.4% year-over-year and 7.8% quarter-over-quarter increase.

  • Gross profit increased by 34.8% year-over-year and 5.7% quarter-over-quarter to $4.86 million.

  • The company's cash position improved from $10.07 million to $10.82 million during Q3 2023.

  • Gross margin for Q3 2023 was 53%, marking a 9% year-over-year increase.

  • Total operating expenses reduced by 30.6% year-over-year, highlighting the success of their strategy towards streamlined operations.

  • Despite an EBITDA loss of $0.31 million for Q3 2023, this illustrates an improvement from Q3 2022, where the EBITDA loss was $1.24 million.

  • SLANG Worldwide Inc.公布的第三季度持续经营收入为910万美元，同比增长11.4％，同比增长7.8％。

  • 毛利同比增长34.8％，同比增长5.7％，达到486万美元。

  • 2023年第三季度，该公司的现金状况从1007万美元改善到1,082万美元。

  • 2023年第三季度的毛利率为53％，同比增长9％。

  • 总运营支出同比下降30.6％，这凸显了他们精简运营战略的成功。

  • 尽管2023年第三季度的息税折旧摊销前利润亏损31万美元，但这表明与2022年第三季度相比有所改善，当时的息税折旧摊销前利润亏损为124万美元。

Business Progress:

业务进展：

  • The company experienced significant growth in the core market of Vermont, with sales increasing 24% quarter-over-quarter.

  • Expansion to Maryland and West Virginia through a partnership with Trulieve increased SLANG's market presence to 13 states.

  • Initiatives focusing on all-in-one category and large-format vaporizer growth in Colorado led to significant year-over-year sales increase since July 2023.

  • The company is considering strategic alternatives like business consolidation, sale, merger, or recapitalization to enhance shareholder value, reduce overhead costs, increase market share, and expand product offerings.

  • 该公司在佛蒙特州的核心市场实现了显著增长，销售额同比增长24％。

  • 通过与Trulieve的合作将业务扩展到马里兰州和西弗吉尼亚州，将SLANG的市场份额扩大到13个州。

  • 自2023年7月以来，科罗拉多州以多合一品类和大型蒸发器增长为重点的举措使销售额同比大幅增长。

  • 该公司正在考虑战略替代方案，例如业务整合、出售、合并或资本重组，以提高股东价值，降低管理成本，增加市场份额并扩大产品范围。

More detailed: SLANG WORLDWIDE INC IR

更详细： 全球俚语 INC IR

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