Jushi Holdings Q2 2024: Revenue $64.6M, Gross Margin 50.4%, Net Loss Improves to $1.9M

Jushi Holdings Inc.

2024-Q2 EPS reported -$0.10 revenue$130,054,000

Total revenue $64.6M; gross profit $32.6M (50.4% margin), up from 41.9% in Q2 2023.
Net loss narrowed to $1.9M from $14.0M in Q2 2023; adjusted EBITDA $14.5M (22.4% margin).
Launched 308 new high-margin SKUs as part of commercialization strategy.
Completed refinancing of acquisition facility, improving capital structure; cash $35.0M at quarter end.
Generated $5.5M in net cash from operations during Q2 2024.

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