TerrAscend raises FY2023 guidance: net revenue at least $317M, adjusted EBITDA at least $63M

TerrAscend Corp.

2023-Q3 EPS reported -$0.19 revenue$230,762,000

New FY2023 guidance: net revenue at least $317M (up 28% YoY) vs prior $305M; adjusted EBITDA at least $63M (up 62% YoY) vs prior $58M.
Preliminary Q3 Michigan gross margin >40%, an 1800-basis-point YoY improvement.
Expects gross margin to exceed 50% in H2 2023 and positive free cashflow from continuing operations in H2.
Investor Day held Oct 13, 2023, with leadership presenting strategy and long-term growth outlook.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TerrAscend Corp. reported full year 2023 results: revenue at least $317 million. Guidance raised.

Period: full year 2023
Revenue: at least $317 million
Guidance: raised
Result: guidance update

Exact text from the filing

TerrAscend Raises Full Year 2023 Guidance Company expects full year 2023 Net Revenue and Adjusted EBITDA from continuing operations 1 of at least $317 million and $63 million, respectively, versus previous guidance of at least $305 million and $58 million, respectively

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Source: SEC EDGAR

accession 0000950170-23-053212

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