---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-24-002874"
form_type: "8-K"
ticker: null
cik: "0001838128"
company_name: "Lowell Farms Inc."
filed_at: "2024-05-14T23:59:59+00:00"
generated_at: "2026-06-02T01:11:54.077457+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Lowell Farms Q1 net revenue $4.9M, down 35% YoY; gross margin negative 17%

## Summary
- Net revenue $4.9M, down 35% from $7.5M in Q1 2023; up 35% sequentially from Q4 2023.
- Gross margin negative 17% ($0.8M gross loss) due to costs of exiting the cultivation facility.
- Operating loss $2.9M vs $2.4M loss YoY; net loss $2.9M vs $4.0M loss YoY.
- Bulk Product revenue fell 73% YoY and 66% QoQ; CPG revenue down 11% YoY but up 10% QoQ.
- Adjusted EBITDA negative $1.1M, flat YoY; improved from negative $4.1M in Q4 2023.

## SEC filing metadata
- accession: 0001171843-24-002874
- form_type: 8-K
- cik: 0001838128
- company_name: Lowell Farms Inc.
- filed_at: 2024-05-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1838128/000117184324002874/0001171843-24-002874-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1838128/000117184324002874/f8k_051424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-24-002874
- JSON: https://secwatch.observer/filing/0001171843-24-002874.json
- Plain text: https://secwatch.observer/filing/0001171843-24-002874.txt

## Key facts
- Earnings Releases
  Lowell Farms Inc. reported first quarter of 2024 (ended March 31, 2024) results: revenue $4.9 million, net income $2.9 million.
  - Period: first quarter of 2024 (ended March 31, 2024)
  - Revenue: $4.9 million
  - Net income: $2.9 million
  - Result: reported results
  source text: (ended March 31, 2024). All figures stated are in US Dollars. First Quarter Financial Highlights: Net revenue generated for the quarter ended March 31, 2024 decreased 35% to $4.9 million, as compared to $7.5 million for the first quarter last year. Net revenue increased 35% from $7.5 million in the fourth quarter of 2023. CPG revenue decreased 11% for the quarter
  evidence_url: https://www.sec.gov/Archives/edgar/data/1838128/000117184324002874/0001171843-24-002874-index.htm
- Earnings Releases
  Lowell Farms Inc. reported first fiscal quarter ended March 31, 2024 results: revenue $4.9 million.
  - Period: first fiscal quarter ended March 31, 2024
  - Revenue: $4.9 million
  - Result: reported results
  source text: (ended March 31, 2024). All figures stated are in US Dollars. First Quarter Financial Highlights: Net revenue generated for the quarter ended March 31, 2024 decreased 35% to $4.9 million, as compared to $7.5 million for the first quarter last year. Net revenue increased 35% from $7.5 million in the fourth quarter of 2023. CPG revenue decreased 11% for the quarter
  evidence_url: https://www.sec.gov/Archives/edgar/data/1838128/000117184324002874/0001171843-24-002874-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.