Leafly Q1 Revenue Dips Nearly 20% YoY, But Weed Discovery Marketplace Also Reduced Net Loss And Cut Costs
Leafly Q1 Revenue Dips Nearly 20% YoY, But Weed Discovery Marketplace Also Reduced Net Loss And Cut Costs
Cannabis discovery marketplace Leafly Holdings, Inc. (NASDAQ:LFLY) reported its financial results Thursday for its first quarter ended March 31, 2024, disclosing revenue of $9.0 million, compared to $11.2 million in the first quarter of 2023.
大麻发现市场Leafly Holdings, Inc.（纳斯达克股票代码：LFLY）周四公布了截至2024年3月31日的第一季度财务业绩，披露收入为900万美元，而2023年第一季度为1,120万美元。
"We remain committed to boosting our operational efficiency as we focus on stabilizing revenue and prioritizing ongoing value for our partners," stated Yoko Miyashita, CEO of Leafly. "We are excited by the recent historic announcement by the DEA of its plan to reschedule cannabis, which we hope will serve as a pathway for operators to redirect capital to invest in their own businesses. When the anticipated relief arrives, we expect cannabis businesses to increase their efforts to market to and attract new shoppers.
Leafly首席执行官宫下洋子表示：“我们仍然致力于提高运营效率，专注于稳定收入并为合作伙伴优先考虑持续价值。”“美国药物管理局最近历史性地宣布了其重新安排大麻的计划，我们对此感到兴奋，我们希望这将成为运营商将资金转向投资自有业务的途径。当预期的救济措施到来时，我们预计大麻企业将加大营销力度并吸引新的购物者。
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First Quarter Financial Summary
第一季度财务摘要
- Retail revenue was $7.9 million, compared to $9.5 million in Q1 2023.
- Brand revenue was $1.2 million, compared to $1.8 million in Q1 2023
- The gross margin was 89%, an improvement over the Q1 2023 gross margin of 88%.
- Total operating expense was $9.8 million, a 34% reduction from $14.9 million in Q1 2023.
- Net loss was $2.4 million, compared to net loss of $5.4 million for Q1 2023.
- Adjusted EBITDA was a loss of $900,000 compared to adjusted EBITDA loss of $3.3 million in Q1 2023.
- Ended the quarter with $14.1 million in cash, excluding restricted cash, a decrease of $1.2 million compared to $15.3 million at the end of Q4 2023.
- 零售收入为790万美元，而2023年第一季度为950万美元。
- 品牌收入为120万美元，而2023年第一季度为180万美元
- 毛利率为89％，比2023年第一季度88％的毛利率有所提高。
- 总运营支出为980万美元，较2023年第一季度的1,490万美元减少了34％。
- 净亏损为240万美元，而2023年第一季度的净亏损为540万美元。
- 调整后的息税折旧摊销前利润亏损90万美元，而2023年第一季度调整后的息税折旧摊销前利润亏损为330万美元。
- 本季度末现金为1,410万美元，不包括限制性现金，与2023年第四季度末的1,530万美元相比减少了120万美元。
"Over the past 12 months, we have made substantial operating improvements and significant cost reductions to become a more efficient business," Suresh Krishnaswamy, CFO of Leafly said in a statement. "Our team is focused on execution and returning to top-line growth as we drive toward improvements in margins and profitability."
Leafly首席财务官苏雷什·克里希纳斯瓦米在一份声明中说：“在过去的12个月中，我们进行了实质性的运营改善和成本的显著降低，以成为一家更高效的企业。”“在我们努力提高利润率和盈利能力的同时，我们的团队专注于执行和恢复收入增长。”
Price Action
价格走势
Leafly shares closed Thursday's market session 4.67% lower at $2.45 per share.
Leafly股价在周四的市场交易日收盘下跌4.67％，至每股2.45美元。
Photo: Courtesy of C.Aphirak via Shutterstock
照片：由 C.Aphirak 通过 Shutterstock 提供