Canadian Marijuana Stock Slightly Up On Q2 Earnings: 9.3% YoY Revenue Growth, Reduced Net Loss
Canadian Marijuana Stock Slightly Up On Q2 Earnings: 9.3% YoY Revenue Growth, Reduced Net Loss
Canadian cannabis company SNDL Inc. (NASDAQ:SNDL) reported Monday its financial results for the second quarter ended June 30, 2023, disclosing revenue of CA$244.5 million ($182 million), up by 9.3% from CA$223.7 million in the same period of 2022.
加拿大大麻公司 SNDL Inc.。纳斯达克股票代码：SNDL）周一公布了截至2023年6月30日的第二季度财务业绩， 披露收入为2.445亿加元 （1.82亿美元），较2022年同期的2.237亿加元增长9.3％。
"Our incredible two-year journey from less than $10 million of net revenue and negative gross margin in Q2 2021 to our current trajectory of reaching an expected $1 billion in annual revenue and continued gross margin growth in 2023 is a testament to our team's commitment to becoming a leader in Canadian regulated products," stated Zach George, CEO of SNDL. "We have taken decisive steps to simplify operations throughout our business segments with a sharp focus on the goal of reaching profitability in 2024. In Liquor Retail, we are capitalizing on margin-accretive product opportunities and modest expansion. In Cannabis Retail, our data licensing program is driving improved profitability and supplier relationships, and we look to enhance consumer engagement through new loyalty capabilities. In our Cannabis Operations, we have taken aggressive cost-cutting measures, streamlined manufacturing operations, and reduced reliance on high-cost cultivation."
他说：“从2021年第二季度净收入不到1000万美元，毛利率为负，到目前预计年收入达到10亿美元，2023年毛利率持续增长，我们经历了令人难以置信的两年旅程，这证明了我们的团队致力于成为加拿大监管产品的领导者。” 扎克·乔治，SNDL 首席执行官。“我们已经采取了果断措施来简化整个业务领域的运营，重点是在2024年实现盈利的目标。在酒类零售方面，我们正在利用利润增加的产品机会和适度的扩张。在 Cannabis Retail，我们的数据许可计划正在推动盈利能力和供应商关系的改善，我们希望通过新的忠诚度功能提高消费者的参与度。在我们的大麻业务中，我们采取了积极的削减成本的措施，精简了制造业务，减少了对高成本种植的依赖。”
Q2 Financial Highlights
第二季度财务亮点
Cannabis retail net revenue amounted to CA$71.9 million, up by 13.2% from the second quarter of 2022.
Net loss was CA$33.2 million, which compares to a net loss of CA$74.0 million in the corresponding period of 2022.
Adjusted EBITDA was a gain of CA$2.2 million, versus an adjusted EBITDA loss of CA$25.9 million in the same quarter of the prior year.
SNDL currently has five credit exposures in the SunStream portfolio following the monetization of a credit exposure in July 2023. The current portfolio includes one credit under a court-supervised receivership process and another in active restructuring negotiations.
As of June 20, the company has CA$754 million of unrestricted cash, marketable securities and investments, and no outstanding debt.
大麻零售净收入为7190万加元，比2022年第二季度增长13.2％。
净亏损为3,320万加元， 相比之下，2022年同期的净亏损为7,400万加元。
调整后的息税折旧摊销前利润为220万加元， 而去年同期调整后的息税折旧摊销前利润亏损为2590万加元。
继2023年7月信贷敞口货币化之后，SNDL目前在SunStream投资组合中有五笔信贷敞口。目前的投资组合包括一项在法院监督下的破产管理程序下的信贷和另一项正在进行的重组谈判中的信贷。
截至6月20日，该公司拥有7.54亿加元的无限制现金、有价证券和投资，没有未偿债务。
Price Action
价格走势
SNDL shares were trading 5.03% higher at $1.67 per share during Monday's pre-market session.
SNDL 的股票是交易价格上涨了 5.03% 在周一的盘前交易时段为每股1.67美元。
Benzinga Cannabis Capital Confrence
Benzinga 大麻资本会议
The Benzinga Cannabis Capital Conference, the place where deals get done, is returning to Chicago this Sept 27-28 for its 17th edition. Get your tickets today before prices increase and secure a spot at the epicenter of cannabis investment and branding.
Benzinga Cannabis Capital Conference是达成交易的地方，将于9月27日至28日重返芝加哥参加第17届会议。在价格上涨之前立即获取门票，并在大麻投资和品牌的中心占有一席之地。