earnings
confidence high
sentiment negative
materiality 0.70
Jushi Q2 net loss $14.0M vs prior year profit; revenue $66.4M, adjusted EBITDA $12.6M
Jushi Holdings Inc.
2023-Q2 EPS reported
-$0.14
revenue$136,298,000
- Total revenue $66.4M; gross margin 46.0% vs 36.7% YoY and 42.9% Q1 2023.
- Net loss $14.0M vs net income $12.1M in Q2 2022; sequential loss from $12.4M in Q1 2023.
- Adjusted EBITDA $12.6M, improvement of $12.1M YoY and $5.0M QoQ; margin 19%.
- Cash and equivalents $32.1M at quarter end.
- Jushi-branded product sales approached nearly half of total retail revenue YTD across five vertical markets.