Village Farms Q1 2024: sales +21% to $78.1M, net loss improves to ($0.03)/share, adj. EBITDA $3.6M

Village Farms International, Inc.

2024-Q1 EPS reported -$0.03 revenue$78,077,000

Consolidated sales $78.1M, +21% YoY; net loss ($2.9M) or ($0.03)/share vs ($6.6M) or ($0.06) prior year.
Canadian Cannabis net sales $37.4M (C$50.5M), +49% YoY; segment adjusted EBITDA $4.1M; retail branded sales +28% organically.
Fresh Produce profitable: sales $36.1M (+4% YoY), adjusted EBITDA $2.0M vs ($1.0M) prior year.
Canadian Cannabis expanded #2 national market share; record share in April; #1 in Ontario and leading pre-roll category.
Started build-out of first Netherlands indoor production facility targeting Q4 2024 start; German legalization positive for medical market.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Village Farms International, Inc. reported first quarter ended March 31, 2024 results: revenue Consolidated sales increased 21% year-over-year to $78.1 million from $64.7 million, net income Consolidated net loss improved to ($2.9 million), or ($0.03) per share from ($6.6 million), or ($0.06) per share, EPS ($0.03) per share.

Period: first quarter ended March 31, 2024
Revenue: Consolidated sales increased 21% year-over-year to $78.1 million from $64.7 million
Net income: Consolidated net loss improved to ($2.9 million), or ($0.03) per share from ($6.6 million), or ($0.06) per share
EPS: ($0.03) per share
Result: reported results

Exact text from the filing

set forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 Village Farms International Reports Strong Q1/24 Results • Total Sales Grow 21%, Net Loss Per Share Improves to ($0.03), Adjusted EBITDA Increases Six-Fold to $3.6 Million • Canadian Cannabis Retail Net Sales Grow 28% Organically Year-Over-Year, with

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Source: SEC EDGAR

accession 0000950170-24-055059

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