Planet 13 Q4 2022 revenue $24.8M, net loss $38.6M on $32.8M impairment; FY revenue $104.6M

Planet 13 Holdings Inc.

Q4 2022 revenue $24.8M, down 17% YoY; net loss $38.6M vs $5.1M loss in Q4 2021.
Full year 2022 revenue $104.6M, down 12.5% YoY; net loss $49.0M vs $19.5M loss in 2021.
Adjusted EBITDA loss $0.8M in Q4 vs positive $1.9M; FY adjusted EBITDA $3.5M vs $16.9M.
Cash $52.4M, no debt; exercised option to buy remaining 51% of Planet 13 Illinois.
Gross profit margin fell to 43.0% in Q4 from 54.3% a year ago.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Planet 13 Holdings Inc. reported year ended December 31, 2022 results: revenue $104.6 million, net income $49.0 million.

Period: year ended December 31, 2022
Revenue: $104.6 million
Net income: $49.0 million
Result: reported results

Exact text from the filing

Full year 2022 Revenue of $104.6 million, compared to $119.5 million for full year 2021 ● Full year 2022 Operating Cash flow of $3.8 million

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Planet 13 Holdings Inc. reported fourth quarter ended December 31, 2022 results: revenue $24.8 million, net income $38.6 million.

Period: fourth quarter ended December 31, 2022
Revenue: $24.8 million
Net income: $38.6 million
Result: reported results

Exact text from the filing

Q4 2022 Revenue of $24.8 million, compared to $25.6 million in Q3 2022 ● Q4 2022 Net loss of $38.6 million driven by $32.8 million impairment charge

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Planet 13 Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001437749-23-007667

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