earnings
confidence high
sentiment neutral
materiality 0.70
Jushi Holdings Q3 revenue $65.4M, net loss narrows 62% to $20.6M, Adj EBITDA $9.7M
Jushi Holdings Inc.
2023-Q3 EPS reported
-$0.24
revenue$201,675,000
- Revenue $65.4M; gross margin 43.6% (vs 38.1% Q3 2022); net loss $20.6M improved 62.3% YoY.
- Adjusted EBITDA $9.7M (improved $9.1M YoY), margin 14.9%.
- Cash & restricted cash $30.5M at quarter end.
- Jushi-branded products 52.2% of total retail revenue; ten new SKUs launched.
- Ongoing efficiency initiatives reduced operating expenses.