earnings
confidence high
sentiment positive
materiality 0.75
Trulieve reports record Q2 revenue of $320.3M, up 49% YoY; adjusted EBITDA margin 35%
Trulieve Cannabis Corp.
2022-Q2 EPS reported
-$0.29
revenue$638,631,000
- Revenue $320.3M, up 49% YoY and 1% sequentially; retail revenue $298.6M (+3% QoQ).
- GAAP gross margin 57%; net loss $22.5M (improved 30% sequentially).
- Adjusted EBITDA $111.0M (35% margin), up 17% YoY from $105.5M in Q1 2022.
- Cash at quarter end $181.4M; wholesale revenue declined 22% sequentially to $21.7M.
- Adjusted net loss of $1.1M excludes $11.8M in acquisition/impairment charges.