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Earnings Call Summary | TILT HOLDINGS INC(TLLTF.US) Q4 2023 Earnings Conference

Earnings Call Summary | TILT HOLDINGS INC(TLLTF.US) Q4 2023 Earnings Conference

财报电话会议摘要 | TILT HOLDINGS INC (TLLTF.US) 2023 年第四季度财报发布会
moomoo AI ·  03/14 23:23  · 电话会议

The following is a summary of the TILT Holdings Inc. (TLLTF) Q4 2023 Earnings Call Transcript:

以下是TILT Holdings Inc.(TLLTF)2023年第四季度财报电话会议记录的摘要:

Financial Performance:

财务业绩:

  • TILT Holdings reported Q4 2023 revenue of $37.5 million, down from $44.3 million in the previous year, attributed mainly to the timing of Jupiter shipments.

  • Full year 2023 revenue decreased to $166 million from $174.2 million in the previous year, due to shipment timing and lower average prices in certain Jupiter product lines.

  • Gross margin in Q4 was reduced to 9.5% from 18.8% in the previous year, with the full-year gross margin at 14.7% compared to 21.9% in 2022.

  • Net loss in Q4 amounted to $22 million, a significant decrease from a loss of $73.1 million in the same period the previous year. For the full year, net loss was $62.4 million compared to a loss of $107.5 million in 2022.

  • The company ended the year with $3.3 million in cash, cash equivalents, and restricted cash, slightly less than $3.5 million at the year-end of 2022.

  • TILT Holdings报告称,2023年第四季度收入为3,750万美元,低于去年的4,430万美元,这主要归因于木星的出货时机。

  • 由于某些木星产品系列的发货时间和较低的平均价格,2023年全年收入从去年的1.742亿美元下降至1.66亿美元。

  • 第四季度的毛利率从去年的18.8%降至9.5%,全年毛利率为14.7%,而2022年为21.9%。

  • 第四季度的净亏损为2200万美元,较去年同期的7,310万美元亏损大幅下降。全年净亏损为6,240万美元,而2022年的亏损为1.075亿美元。

  • 该公司在年底拥有330万澳元的现金、现金等价物和限制性现金,略低于2022年底的350万美元。

Business Progress:

业务进展:

  • TILT Holdings improved operational efficiency as part of its rebuild strategy in 2023, leading to $8 million in annualized savings.

  • The company refined its brand partnership strategy, focusing on brands aligning with its broader inhalation platform. They signed agreements with Smoore and Edie Parker in line with this strategy.

  • In-house brand Standard Farms was recognized as the fastest-growing brand in Massachusetts in 2023.

  • For 2024, TILT is shifting its focus from cost savings to revenue growth, planning to leverage growing demand in the cannabis and hemp markets for inhalation products and take advantage of federal reforms for their plant-touching assets.

  • They are eyeing market growth in Ohio and Pennsylvania, preparing for the anticipated legalization of adult use.

  • In European markets, final stages of technical review are underway for the Liquid Que vaporizer and the Jupiter brand.

  • TILT and Jupiter are also working on the commercialization of Thredz technology, allowing brands to create personalized consumption experiences.

  • 作为2023年重建战略的一部分,TILT Holdings提高了运营效率,每年节省了800万美元。

  • 该公司完善了其品牌合作战略,重点关注与其更广泛的吸入平台保持一致的品牌。根据这一战略,他们与斯摩尔和伊迪·帕克签署了协议。

  • 内部品牌标准农场被公认为2023年马萨诸塞州增长最快的品牌。

  • 2024年,TILT将把重点从节省成本转移到收入增长上,计划利用大麻和大麻市场对吸入产品不断增长的需求,并利用联邦改革对其与植物相关的资产。

  • 他们正在关注俄亥俄州和宾夕法尼亚州的市场增长,为预期的成人用途合法化做准备。

  • 在欧洲市场,Liquid Que蒸发器和Jupiter品牌的技术审查的最后阶段正在进行中。

  • TILT和Jupiter还致力于Thredz技术的商业化,使品牌能够创造个性化的消费体验。

More details: TILT HOLDINGS INC IR

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