secwatch.observer — SEC 8-K summary
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Issuer:     Lowell Farms Inc. (—)
CIK:        0001838128
Form:       8-K
Filed at:   2024-05-14T23:59:59+00:00
Accession:  0001171843-24-002874
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1838128/000117184324002874/0001171843-24-002874-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1838128/000117184324002874/f8k_051424.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-002874

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer