Planet 13 Q1 2023 revenue $24.9M (-3% YoY), net loss widens to $6.3M

Planet 13 Holdings Inc.

Revenue $24.9M vs $25.7M YoY; gross profit margin fell to 43.7% from 50.2%.
Net loss of $6.3M vs $2.1M; Adjusted EBITDA loss of $0.68M vs +$2.61M.
Cash $42.7M (down from $52.4M at Dec 2022); total assets $227.2M.
Expanded in Florida (Port Orange dispensary) and Illinois (land purchase + option to buy remaining 51% interest).
Appointed Lee Fraser as Board Member and Audit Committee Chair after passing of Mike Harman.

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 the first quarter ended March 31, 2023 results: revenue $24.9 million, net income $6.3 million.

Period: the first quarter ended March 31, 2023
Revenue: $24.9 million
Net income: $6.3 million
Result: reported results

Exact text from the filing

99.1. --- EX-99.1 (EXHIBIT 99.1) --- EX-99.1 2 ex_501708.htm EXHIBIT 99.1 ex_501708.htm Exhibit 99.1 Planet 13 Announces Q1 2023 Financial Results ● Q1 2023 Revenue of $24.9 million, compared to $24.8 million in Q4 2022 ● Q1 2023 Net loss of $6.3 million ● Q1 2023 Adjusted EBITDA loss of $0.68 million All figures are reported in United States dollars ($)

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51 earnings releases filed in the last 30 days. Browse all earnings releases →

Planet 13 Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001437749-23-014617

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