Village Farms Q4 2023: record sales $74.2M, net loss narrows to ($0.20)/share, Canadian cannabis +14%

Village Farms International, Inc.

Consolidated Q4 sales $74.2M (+7% YoY); net loss ($22.5M) or ($0.20)/share vs ($49.3M)/ ($0.54) prior year.
Canadian Cannabis net sales $32.0M (+14% CAD); non-branded wholesale +339%, retail branded +5%.
Consolidated adjusted EBITDA improved to ($0.7M) from ($11.8M); full-year adj EBITDA positive at $7.6M.
U.S. Cannabis positive adj EBITDA and cash flow; Canadian Cannabis regained #2 national market share.
International: Netherlands facility build-out started; exports to UK; production targeted Q4 2024.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Village Farms International, Inc. reported the fourth quarter and year ended December 31, 2023 results: revenue $74.2 million, net income ($22.5 million), or ($0.20) per share, EPS ($0.20) per share.

Period: the fourth quarter and year ended December 31, 2023
Revenue: $74.2 million
Net income: ($22.5 million), or ($0.20) per share
EPS: ($0.20) per share
Result: reported results

Exact text from the filing

2023 Financial Highlights (All comparable periods are for the fourth quarter of 2022 unless otherwise stated) Consolidated • Consolidated sales increased 7% year-over-year to $74.2 million from $69.5 million; • Consolidated net loss improved to ($22.5 million), or ($0.20) per share, compared with ($49.3 million), or ($0.54) per share; • Consolidated adjusted EBITDA

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Village Farms International, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-030497

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