TerrAscend Q1 net rev $80.6M (+16% YoY); adj EBITDA $16.2M (+33%); operating cash flow $13.3M

TerrAscend Corp.

2024-Q1 EPS reported -$0.06 revenue$80,633,000

Net revenue $80.6M, +16.1% YoY; gross margin 48.0% vs 48.8% in Q1 2023.
Net loss from continuing ops improved to $14.9M from $19.2M in Q1 2023.
Adjusted EBITDA $16.2M, up 33% YoY; margin 20.1% vs 17.6%.
Operating cash flow $13.3M; free cash flow $10.5M; debt paydown $9.8M.
Seventh consecutive quarter of positive operating cash flow; Pennsylvania wholesale sales up 80% YoY.

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 0.7

TerrAscend Corp. reported first quarter ended March 31, 2024 results: revenue Net Revenue was $80.6 million.

Period: first quarter ended March 31, 2024
Revenue: Net Revenue was $80.6 million
Result: reported results

Exact text from the filing

except as expressly set forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- EX-99.1 TerrAscend Reports First Quarter 2024 Financial Results Net Revenue of $80.6 million, an increase of 16.1% year-over-year Cash Flow from operations of $13.3 million and Free Cash Flow 1 of $10.5 million in the quarter TORONTO, May 9, 2024 - TerrAscend Corp.

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Source: SEC EDGAR

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