Planet 13 Q4 2023 revenue $23M, net loss $14.3M; Adjusted EBITDA positive $1.3M

Planet 13 Holdings Inc.

Q4 2023 revenue $23.0M down 7.5% YoY from $24.8M; net loss $14.3M includes $7.2M non-cash impairment.
Full-year 2023 revenue $98.5M down 5.8% YoY; net loss $73.6M includes $46.8M impairment.
Q4 2023 Adjusted EBITDA $1.3M (5.6% margin) vs -$0.6M in Q4 2022; full-year Adj. EBITDA $1.4M.
Gross margin improved to 47.8% in Q4 2023 from 43.0% in Q4 2022 due to reduced discounting.
Recent developments include acquisition of VidaCann, Illinois dispensary opening, and $17.3M cash on hand.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Planet 13 Holdings Inc. reported Full Year 2023 results: revenue $98.5 million, net income Net loss of $73.6 million.

Period: Full Year 2023
Revenue: $98.5 million
Net income: Net loss of $73.6 million
Result: reported results

Exact text from the filing

Revenues were $98.5 million as compared to $104.6 million, a decrease of 5.8%.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Planet 13 Holdings Inc. reported Q4 2023 results: revenue $23.0 million, net income Net loss of $14.3 million.

Period: Q4 2023
Revenue: $23.0 million
Net income: Net loss of $14.3 million
Result: reported results

Exact text from the filing

Planet 13 Announces Q4 2023 Financial Results ● Q4 2023 Revenue of $23.0 million ● Q4 2023 Net loss of $14.3 million, which included a non-cash impairment loss of $7.2 million ● Q4 2023 Adjusted EBITDA of $1.3 million

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Planet 13 Holdings Inc. filing history →

Source: SEC EDGAR

accession 0001437749-24-007635

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