Defying Cannabis Market Challenges: Canadian Pot Producer Reports YoY Revenue Growth
Defying Cannabis Market Challenges: Canadian Pot Producer Reports YoY Revenue Growth
Rubicon Organics Inc. (TSXV:ROMJ) (OTCQX:ROMJF) reported its third quarter financial results on Tuesday for the three months ended Sept. 30, 2023, revealing a 5% year-over-year increase in revenue to CA$10 million ($7.26 million).
Rubicon Organics Inc.（多伦多证券交易所代码：ROMJ）（OTCQX: ROMJF）周二公布了截至2023年9月30日的三个月的第三季度财务业绩，收入同比增长5％，达到1000万加元（合726万美元）。
The Canadian cannabis producer also touted a sixth consecutive quarter of adjusted EBITDA profitability with CA$1.1 million in the third quarter, representing a year-over-year decrease of CA$0.8 million.
这家加拿大大麻生产商还吹捧调整后的息税折旧摊销前利润连续第六个季度实现盈利，第三季度为110万加元，同比下降80万加元。
"Despite the challenges encountered in the demanding Canadian cannabis sector with competitive price compression alongside broader negative macroeconomic pressures faced by Canadian shoppers, we persist in fortifying the company's standing as a leading force in the premium cannabis market, and are looking forward to executing our strategy to leverage the strength of our leading premium brands," said Margaret Brodie, interim CEO and CFO.
临时首席执行官兼首席财务官玛格丽特·布罗迪表示：“尽管在要求苛刻的加拿大大麻行业面临着具有竞争力的价格压缩，同时加拿大购物者面临更广泛的负面宏观经济压力，但我们坚持巩固公司作为高端大麻市场主导力量的地位，并期待执行我们的战略，以利用我们领先的高端品牌的实力。”
Q3 2023 Financial Highlights
2023 年第三季度财务亮点
- Gross profit was CA$1.9 million, compared to CA$6 million in the corresponding quarter of last year.
- Achieved fifth consecutive quarter of operating cashflow positive of CA$1.4 million.
- Loss from operations amounted to CA$1.5 million, compared to income from operations of CA$2.2 million in the third quarter of last year.
- 毛利为190万加元，而去年同期为600万加元。
- 连续第五个季度实现140万加元的正运营现金流。
- 运营亏损为150万加元，而去年第三季度的运营收入为220万加元。
Nine Months Ended Sept. 30
截至 9 月 30 日的九个月
- Net revenue of CA$30.1 million, up from CA$24.5 million in the same period of 2022.
- Gross profit was CA$9 million, down from CA$11.7 million in the same period of last year.
- Adjusted EBITDA came in positive at CA$3.1 million, compared to CA$641,349 adjusted EBITDA gain in the corresponding period of 2022.
- Loss from operations totaled roughly CA$2 million, compared to CA$128,806 income from operations in the corresponding period of 2022.
- Growth in cash balance by CA$2.6 million from Sept. 30, 2022, from CA$6.8 million to CA$9.4 million.
- The Company had a working capital of CA$18.7 million as of Sept. 30, 2023, of which CA$9.4 million of cash on hand and CA$3.6 million in accounts receivable.
- 净收入为3,010万加元，高于2022年同期的2450万加元。
- 毛利为900万加元，低于去年同期的1170万加元。
- 调整后的息税折旧摊销前利润为正数，为310万加元，而2022年同期调整后的息税折旧摊销前利润为641,349加元。
- 运营亏损总额约为200万加元，而2022年同期的运营收入为128,806加元。
- 自2022年9月30日起，现金余额增加了260万加元，从680万加元增至940万加元。
- 截至2023年9月30日，该公司的营运资金为1,870万加元，其中940万加元的手头现金和360万加元的应收账款。
ROMJF Price Action
ROMJF 价格行动
Rubicon's shares traded 23.33% lower at $0.345 per share at the time of writing on Wednesday morning.
在周三上午撰写本文时，Rubicon的股价下跌23.33％，至每股0.345美元。
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- 得益于1964年供应公司的扩张，Rubicon Organics第一季度收入同比增长71％，以下是细节
Photo: Courtesy of Elsa Olofsson on Unsplash
照片：由 Unsplash 上的 Elsa Olofsson 提供