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(多倫多證券交易所股票代碼：FLWR)(OTCPK：FLWPF)淨收入2022年第一季度加元為346萬加元(273萬美元)比2021年第一季度下降4%。
Q1 2022 Financial Highlights
2022年第一季度財務亮點
-
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%.
-
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.
-
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.
-
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.
-
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.
-
毛收入2022年第一季度是388萬加元嗎？與2021年第一季度的440萬加元相比，下降了525,000加元或12%。
-
SG&A費用2022年第一季度的加元285萬加元與2021年第一季度的400萬加元相比，減少了114萬加元或29%，主要是由於公司從2021年開始實施並於2022年繼續實施的成本削減措施。
-
毛損2022年第一季度的加元898,000加元與2021年第一季度的利潤143,000加元相比，主要是由於銷售產品的利潤率較低所致。
-
銷售成本2022年第一季度加元為368萬加元與2021年第一季度的273萬加元相比。銷售成本增加的原因是本季度的大麻銷售量大幅增加，為1,180公斤，而2021年第一季度的銷售量為673公斤。
-
淨虧損公司的一部分總計576萬加元2022年第一季度虧損700萬加元，而2021年第一季度虧損700萬加元。淨虧損的變化主要是由於較高的總虧損被較低的SG&A、以股份為基礎的薪酬逆轉、較低的折舊和融資成本所抵消。
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的臨時首席執行官表示：“2022年第一季度表明，我們仍在實現保持優質大麻生產商地位的目標。此外，我們繼續專注於降低成本，這體現在我們的利潤改善上。”
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.
安大略省證券委員會於2022年5月6日發佈的針對該公司的停止交易令未能提交，已被適用的監管機構完全撤銷。
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.
公司證券於2022年5月27日在多倫多證券交易所恢復交易，Flowr的普通股將於2022年5月31日開盤時恢復交易。
Related News
相關新聞
The Flowr Corp. Revenue Grows 64% In 2021, Achieves Record Quarterly Revenue Thanks To This
Flowr Corp.收入在2021年增長64%，實現創紀錄的季度收入
Akanda Completes Acquisition Of Holigen, Strengthening Position In EMEA Region
阿坎達完成對Holigen的收購，加強在歐洲、中東和非洲地區的地位
The Flowr Corporation Files Application For Management Cease Trade Order
Flowr公司申請管理停止交易令