Canadian Marijuana Company Reports 5th Consecutive Quarter Of Positive Cash Flow From Operations
Canadian Marijuana Company Reports 5th Consecutive Quarter Of Positive Cash Flow From Operations
Canadian cannabis company Avant Brands Inc. (TSX:AVNT) (OTCQX:AVTBF) (FRA:1BU0) reported its financial results for the third quarter of fiscal 2023, disclosing net revenue of CA$6.5 million ($4.8 million) up by 64% year-over-year and down by 18.75% sequentially.
加拿大大麻公司先鋒品牌公司(多倫多證券交易所股票代碼：AVNT)(OTCQX：AVTBF)(法蘭克福機場股票代碼：1BU0)報告了其2023財年第三季度的財務業績，披露淨收入為650萬加元(合480萬美元)，同比增長64%，環比下降18.75%。
"Q3 2023 continued our trend of delivering strong year-over-year sales growth, coupled with positive cash flow from operations," stated Norton Singhavon, CEO of Avant. "Furthermore, Q3 2023 was by far our best quarter for cannabis harvests, which sets the stage for additional sales growth in Q4 2023 and beyond."
2023年第三季度，我們延續了強勁的銷售同比增長勢頭，同時運營現金流也呈正增長。諾頓·辛哈馮，Avant的首席執行官。此外，到目前為止，2023年第三季度是我們大麻收成最好的季度，這為2023年第四季度及以後的銷售增長奠定了基礎。
See Also: Avant Q2 FY23 Net Revenue Grows 96% YoY, What About Adjusted EBITDA
另請參閱：Avant 2013財年第二季度淨收入同比增長96%，調整後的EBITDA如何
Q3 Financial Highlights
第三季度財務亮點
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Gross revenue was CA$7.5 million, up by 61% from the previous year, and down from a record CA$9 million in the second quarter.
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Adjusted EBITDA was a gain of CA$900,000 compared to CA$200,000 a year ago, and CA$1.7 million in the previous quarter.
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Net and comprehensive income amounted to CA$900,000 , compared to a net loss of CA$1.1 million in the same period of 2022, and net loss of CA$390,000 in the previous quarter.
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Cash flow from operations after changes in non-cash working capital of CA$1.8 million, which compares to CA$1.6 million a year ago.
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As at the end of Q3 2023 the company had approximately CA$1.7 million in cash, representing an increase of CA$0.9 million over Q2 2023. Working capital at the end of the period was CA$17.4 million.
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總收入是 鈣750萬美元，與去年同期相比增長了61%，低於第二季度創紀錄的900萬加元。
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與一年前的20萬加元和上一季度的170萬加元相比，調整後的EBITDA增加了90萬加元。
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淨和全面收益為900,000加元，而2022年同期淨虧損110萬加元，上一季度淨虧損390,000加元。
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非現金營運資金變動後的營運現金流為180萬加元，而一年前為160萬加元。
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截至2023年第三季度末，公司擁有約170萬加元的現金，比2023年第二季度增加了90萬加元。期末營運資金為1,740萬加元。
Price Action
價格行動
Avant Brands closed Monday market session 1.13% higher at $0.13 per share.
See Also: Sundial, Canopy Growth And More: Analyst Examines The Race For The US Cannabis Market
先鋒品牌週一收盤上漲1.13%，至每股0.13美元。
另見：日規、樹冠增長等：分析師審視美國大麻市場的競爭
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Photo: Courtesy of Richard T via Unsplash
圖片：由Richard T通過UnSplash提供