Jushi Q1 revenue $69.9M (+12.9% YoY); net loss narrows to $12.4M; Adj. EBITDA turns positive at $7.6M

Jushi Holdings Inc.

2023-Q1 EPS reported -$0.06 revenue$69,873,000

Gross profit margin 42.9%, up from 30.9% in Q1 2022 and 28.6% in Q4 2022.
Adjusted EBITDA of $7.6M, improving $8.5M YoY and $1.6M sequentially.
Cash, cash equivalents, and restricted cash of $19.4M as of quarter end.
Added Ohio as fifth vertically integrated 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 0.9

Jushi Holdings Inc. reported the first quarter ended March 31, 2023 results: revenue $69.9 million, net income $12.4 million.

Period: the first quarter ended March 31, 2023
Revenue: $69.9 million
Net income: $12.4 million
Result: reported results

Exact text from the filing

Reports First Quarter 2023 Financial Results Total Revenue of $69.9 Million, an increase of 12.9% YoY Net Loss of $12.4 Million, an improvement of 37.0% YoY Adjusted EBITDA of $7.6 Million, an improvement of $8.5 Million YoY Continued Financial and Operational Improvements at our Grower-Processor Operations Added Ohio as Fifth Vertically Integrated Market BOCA RATON, Fla., May 12, 2023 (GLOBE NEWSWIRE) -- Jushi Holdings Inc.

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Source: SEC EDGAR

accession 0001171843-23-003243

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