Limoneira Q4 revenue up 4% to $41.4M; net loss per share $0.20; FY2024 guidance; Harvest proceeds raised to $131M

Limoneira CO

2023-FY EPS reported $0.50 revenue$179,901,000

Q4 revenue $41.4M (+4% YoY); operating loss $9.7M vs loss $1.9M; net loss $0.20/diluted share.
Full year 2023 revenue $179.9M (down from $184.6M); net income $0.50/diluted share vs loss $0.04.
Net debt reduced to $37.4M from $104.1M; sold Northern Properties for $98.4M net proceeds.
Expected total proceeds from Harvest at Limoneira increased 14% to $131M over nine years; Phase 1 sell-out completed.
FY2024 fresh lemon volume guidance 5.0-5.5M cartons; avocado volume 7.0-8.0M lbs; exploring strategic alternatives.

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

Limoneira CO reported the fiscal fourth quarter and full year ended October 31, 2023 results: revenue $41.4 million, net income Net loss applicable to common stock, after preferred dividends, for the fourth quarter of fiscal year 2023 was $3.6 mill, EPS Net loss per diluted share for the fourth quarter of fiscal year 2023 was $0.20. Guidance raised.

Period: the fiscal fourth quarter and full year ended October 31, 2023
Revenue: $41.4 million
Net income: Net loss applicable to common stock, after preferred dividends, for the fourth quarter of fiscal year 2023 was $3.6 mill
EPS: Net loss per diluted share for the fourth quarter of fiscal year 2023 was $0.20
Guidance: raised
Result: reported results

Exact text from the filing

year 2022 and $3 million expected in fiscal year 2024.” Fiscal Year 2023 Fourth Quarter Results For the fourth quarter of fiscal year 2023, total net revenue increased 4% to $41.4 million, compared to total net revenue of $39.7 million in the fourth quarter of the previous fiscal year. Agribusiness revenue was $40.1 million, compared to $38.2 million in the fourth

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Source: SEC EDGAR

accession 0001342423-23-000035

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