secwatch.observer — SEC 8-K summary
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Issuer:     Planet 13 Holdings Inc. (PLNH)
CIK:        0001813452
Form:       8-K
Filed at:   2023-03-23T23:59:59+00:00
Accession:  0001437749-23-007667
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1813452/000143774923007667/0001437749-23-007667-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1813452/000143774923007667/plnhf20230207_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-007667

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer