Jushi Holdings Q1 2024: Cannabis Gross Margin Climbs To 49.4%, Net Loss Widens To $18.4M
Jushi Holdings Q1 2024: Cannabis Gross Margin Climbs To 49.4%, Net Loss Widens To $18.4M
Jushi Holdings Inc. (OTC:JUSHF), a leading multi-state cannabis operator, reported its financial outcomes Thursday for the first quarter of 2024, highlighting advancements in profitability and operational efficiency.
领先的多州大麻运营商巨石控股公司（场外交易代码：JUSHF）周四公布了2024年第一季度的财务业绩，重点介绍了盈利能力和运营效率的进步。
Jim Cacioppo, CEO of Jushi, expressed satisfaction with the company's progress, noting the increased gross profit margin and successful introduction of high-margin products. "Our commitment to operational improvements and product innovation is reflected in our improved margins and Adjusted EBITDA," Cacioppo stated.
巨石首席执行官吉姆·卡西奥波对公司的进展表示满意，他指出毛利率的提高和高利润产品的成功推出。Cacioppo表示：“我们对运营改善和产品创新的承诺反映在利润率的提高和调整后的息税折旧摊销前利润上。”
Financial Highlights
财务要闻
In the first quarter, Jushi reported a total revenue of $65.5 million, underpinned by strategic brand and product expansions.
在第一季度，巨石公布的总收入为6,550万美元，这得益于战略品牌和产品扩张。
Despite the revenue, the company experienced a net loss of $18.4 million, marking an increase from the previous year's loss of $12.4 million in Q1 2023. This loss reflects ongoing investments in growth initiatives.
尽管收入丰厚，但该公司的净亏损为1,840万美元，较上年2023年第一季度的1,240万美元亏损有所增加。这一损失反映了对增长计划的持续投资。
The gross profit for the period was $32.3 million, with a margin expanding to 49.4%. This improvement is attributed to Jushi's effective execution of its operational enhancement strategies.
该期间的毛利为3,230万美元，利润率扩大至49.4％。这种改善归因于巨石有效执行了其运营增强战略。
Earnings Insights
收益洞察
The company's adjusted EBITDA was reported at $13.3 million, improving by $5.7 million year-over-year, which demonstrates a strengthened financial discipline and operational efficiency.
该公司调整后的息税折旧摊销前利润为1,330万美元，同比增长570万美元，这表明财务纪律和运营效率得到加强。
The adjusted EBITDA margin also saw an increase to 20.4%, signifying better profitability.
调整后的息税折旧摊销前利润率也增长至20.4％，表明盈利能力有所提高。
Operational Developments
运营发展
Jushi has continued to innovate its product offerings, launching 443 new unique SKUs in Q1, a significant increase compared to Q4 2023. The company also opened its 17th Beyond Hello dispensary in Pennsylvania, expanding its retail footprint and consumer reach.
巨石继续创新其产品供应，在第一季度推出了443个新的独特SKU，与2023年第四季度相比大幅增加。该公司还在宾夕法尼亚州开设了第17家Beyond Hello药房，扩大了其零售足迹和消费者覆盖面。
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扫描大麻电子表格可能需要一些时间。要了解有关投资的更多信息，请不要错过参加将于10月8日至9日在芝加哥举行的第19届Benzinga大麻资本会议的机会。与高层管理人员、投资者、政策制定者和倡导者互动，探索该行业的未来。在价格上涨之前，立即通过以下方式保护您的门票 这个链接。
Photo: AI-Generated Image.
照片：人工智能生成的图像。