---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-007667"
form_type: "8-K"
ticker: "PLNH"
cik: "0001813452"
company_name: "Planet 13 Holdings Inc."
filed_at: "2023-03-23T23:59:59+00:00"
generated_at: "2026-06-17T19:04:30.449571+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-007667
- form_type: 8-K
- ticker: PLNH
- cik: 0001813452
- company_name: Planet 13 Holdings Inc.
- filed_at: 2023-03-23T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1813452/000143774923007667/0001437749-23-007667-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1813452/000143774923007667/plnhf20230207_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-007667
- JSON: https://secwatch.observer/filing/0001437749-23-007667.json
- Plain text: https://secwatch.observer/filing/0001437749-23-007667.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1813452/000143774923007667/0001437749-23-007667-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1813452/000143774923007667/0001437749-23-007667-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.