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The Flowr Corp. Revenue Gows 64% In 2021, Achieves Record Quarterly Revenue Thansk To This

Benzinga Real-time News · May 23, 2022 09:36

The Flowr Corporation(OTCPK:FLWPF) (TSX.V:FLWR) released its financial and operational results for the fourth quarter and fiscal year ended December 31, 2021, revealingnet revenuefor the full year2021totaled$12.35 millioncompared with $7.51 million in 2020, representing a 64% increase.

Q4 2021Financial Highlights

Consolidatednet revenueduringQ42021 was$3,801, 138% higher than the $1,600 earned in Q4 2020. Net revenue for Q4 2021 wasthe highest quarterly revenue recorded by the company since inception, contributed by increases in cannabis sales in Flowr Canada.
Net losswas$63.86 million, compared to net loss of $99.75 million in Q4 2020.
AdjustedEBITDAlosswas$5.15 millioncompared to a loss of $5.38 million in Q4 2020.

Full Year 2021 Financial...

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd.，Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc., and Moomoo Securities Malaysia Sdn. Bhd. are affiliated companies.

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