TILT Holdings Q1 2024 revenue $37.5M, net loss widens to $9.7M

TILT Holdings Inc.

2024-Q1 EPS reported -$0.03 revenue$37,504,000

Revenue $37.5M vs $42.3M a year ago; down 11% on lower sales and price compression in MA, PA and Jupiter hardware.
Net loss $9.7M vs $4.9M; driven by lower gross profit and absence of $8.4M gain on asset sales from Q1 2023.
Adjusted EBITDA (non-GAAP) improved to $38,000 from a loss of $79,000 in prior year.
Cash and restricted cash $3.5M at quarter end; notes payable net of discount $59.7M.
Launched Level pressed-tablet brand in PA; Standard Farms won NECANN Cup best vape cartridge for third year.

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

TILT Holdings Inc. reported the three months ended March 31, 2024 results: revenue $37.5 million.

Period: the three months ended March 31, 2024
Revenue: $37.5 million
Result: reported results

Exact text from the filing

Revenue was $37.5 million in the three months ended March 31, 2024

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Source: SEC EDGAR

accession 0001171843-24-002912

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