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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 年第三季度業績電話會議記錄摘要
moomooAI ·  2023/11/28 19:26  · 電話會議

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

以下是 SLANG Worldwide Inc. (SLGWF) 2023 年第三季度業績電話會議記錄摘要：

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. 第三季度收入爲910萬美元，同比增長11.4％。

  2. 毛利同比增長34.8％。

  3. 2023年第三季度，現金狀況改善至1,082萬美元。

  4. 2023年第三季度的毛利率爲53％，同比增長9％。

  5. 運營費用同比減少30.6％。

  6. 息稅折舊攤銷前利潤損失較2022年第三季度有所改善。

Business

商業

  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. 佛蒙特州大幅增長，季度銷售額增長24％。

  2. 擴展到馬里蘭州和西弗吉尼亞州，將市場份額擴大到13個州。

  3. 自2023年7月以來，這些舉措使科羅拉多州的銷售額同比增長。

  4. 考慮業務整合、出售、合併或資本重組的戰略替代方案。

Financial Performance:

財務業績：

  • 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.公佈的第三季度持續經營收入爲910萬美元，同比增長11.4％，同比增長7.8％。

  • 毛利同比增長34.8％，同比增長5.7％，達到486萬美元。

  • 2023年第三季度，該公司的現金狀況從1007萬美元改善到1,082萬美元。

  • 2023年第三季度的毛利率爲53％，同比增長9％。

  • 總運營支出同比下降30.6％，這凸顯了他們精簡運營戰略的成功。

  • 儘管2023年第三季度的息稅折舊攤銷前利潤虧損31萬美元，但這表明與2022年第三季度相比有所改善，當時的息稅折舊攤銷前利潤虧損爲124萬美元。

Business Progress:

業務進展：

  • 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.

  • 該公司在佛蒙特州的核心市場實現了顯著增長，銷售額同比增長24％。

  • 通過與Trulieve的合作將業務擴展到馬里蘭州和西弗吉尼亞州，將SLANG的市場份額擴大到13個州。

  • 自2023年7月以來，科羅拉多州以多合一品類和大型蒸發器增長爲重點的舉措使銷售額同比大幅增長。

  • 該公司正在考慮戰略替代方案，例如業務整合、出售、合併或資本重組，以提高股東價值，降低管理成本，增加市場份額並擴大產品範圍。

More detailed: SLANG WORLDWIDE INC IR

更詳細： 全球俚語 INC IR

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