XS Financial Touts 140% YoY Increase In Revenue Despite Cannabis Industry Slowdown
XS Financial Touts 140% YoY Increase In Revenue Despite Cannabis Industry Slowdown
XS Financial Inc. (CSE:XSF) (OTCQB:XSHLF) released earnings for the fourth quarter and fiscal year ended December 31, 2022.
The specialty finance company, which is dedicated to U.S.-based cannabis companies, had "a transformational year," according to CEO David Kivitz.
XS 金融公司 (CSE: XSF) (OTCQB: XSHLF) 公佈了截至2022年12月31日的第四季度和財年的收益。
據稱，這家專門爲總部位於美國的大麻公司提供服務的專業金融公司經歷了 “變革性的一年” 首席執行官大衛基維茲。
"We had continued revenue growth and operational performance with particular emphasis on expanded funding relationships with several existing customers and new customer additions," Kivitz said.
基維茲說：“我們的收入和運營業績持續增長，特別強調擴大與幾個現有客戶的融資關係和增加新的客戶。”
Q4/22 And Full Year 2022 Financial Highlights
2022 年第 4 季度和 2022 年全年的財務亮點
- XS Financial reported:
- A 140% year-over-year increase in annual revenue from $3.2 million in 2021 to $7.6 million in 2022
- A 115% year-over-year increase in Q4 revenue from $1.2 million to $2.5 million.
- A 156% year-over-year increase in gross lease receivables from $43.5 million in Q4 2021 to $111.4 million in Q4 2022
- And a 197% year-over-year improvement in net income from a loss of $1.5 million in Q4 2021 to $1.4 million in Q4 2022.
- XS 財務報告稱：
- 年收入同比增長140％，從2021年的320萬美元增加到2022年的760萬美元
- 第四季度收入同比增長115％，從120萬美元增加到250萬美元。
- 租賃應收賬款總額同比增長156％，從2021年第四季度的4,350萬美元增加到2022年第四季度的1.114億美元
- 淨收入同比增長197％，從2021年第四季度的虧損150萬美元增至2022年第四季度的140萬美元。
XS Financial also closed lease transactions totaling approximately $68 million with several companies, including Ascend Wellness (OTCQX: AAWH), Ayr Wellness (CSE: AYR) (OTCQX:AYRWF), Columbia Care (OTCQX: CCHWF), Connected Cannabis, Curaleaf (CSE:CURA) (OTCQX:CURLF), PharmaCann, Green Dragon/Eaze, Jushi (OTCQX: JUSHF), Temescal Wellness and others.
XS Financial還與幾家公司完成了總額約爲6800萬美元的租賃交易，其中包括 阿森德健康 （OTCQX：啊哈）， 艾爾健康 (CSE: AYR) (OTCQX: AYRWF)， 哥倫比亞醫療保健 （OTCQX：CCHWF）， 聯網大麻， Curaleaf (CSE: CURA) (OTCQX: CURLF)， Pharmac， 綠龍/Eaze， 巨石 （OTCQX：JUSHF）， Temescal 健康 和其他。
The fourth quarter jump of 115% is mainly due to revenue from financing income recognized from 111 new financing leases over the course of 12 months.
第四季度增長了115％，這主要是由於在12個月內從111份新的融資租賃中確認的融資收入所得的收入。
Operating expenses increased by 20% to more than $1.7 million, primarily due to an increase in personnel costs associated with incentive compensation.
運營費用增加了20％，達到170萬美元以上，這主要是由於與激勵薪酬相關的人事成本增加。
Net income for the quarter was roughly $1.42 million, compared to a net loss of $1.47 million for the same quarter in 2021.
該季度的淨收入約爲142萬美元，而2021年同期的淨虧損爲147萬美元。
"Our business is hitting its stride, and our focus as a better alternative for non-dilutive CAPEX and equipment financing has seen positive reinforcement throughout the year," Kivitz added.
基維茲補充說：“我們的業務正在取得長足進展，我們作爲非攤薄性資本支出和設備融資的更好替代方案的重點全年得到了積極加強。”
In the second half of 2022 and into 2023, XS Financial "witnessed a slowdown" in the cannabis industry. As a result, the firm expanded its origination efforts to include other industries, Kivitz explained.
在 2022 年下半年直到 2023 年，XS Financial “見證了大麻行業的放緩”。Kivitz解釋說，結果，該公司擴大了創始範圍，將其他行業包括在內。
"We are in the preliminary stages of evaluating these opportunities and look forward to providing updates throughout the year," he said, calling the expansion "a significant growth driver."
他說：“我們正處於評估這些機會的初步階段，並期待全年提供最新信息，” 他稱擴張是 “重要的增長動力”。
On Tuesday evening, XSHLF closed at $0.0595 per share and was neutral at 0.00%
週二晚間，XSHLF收於每股0.0595美元，中性爲0.00％
Photo: Courtesy Of Markus Winkler On Unsplash
照片：由 Unsplash 上的 Markus Winkler 提供