earnings
confidence high
sentiment negative
materiality 0.65
Planet 13 Q3 2023 revenue $24.8M, net loss $46.0M on $39.6M impairment
Planet 13 Holdings Inc.
- Revenue $24.8M, down 3.3% YoY; gross margin improved to 44.7% from 41.2%.
- Net loss $46.0M vs $6.3M loss in Q3 2022, including $39.6M non-cash impairment.
- Adjusted EBITDA $0.2M vs $0.5M prior year; margin 0.9% vs 2.0%.
- Cash $36.8M, down from $52.4M at Dec 31, 2022; total assets $178.4M.