secwatch.observer — SEC 8-K summary
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Issuer:     Planet 13 Holdings Inc. (PLNH)
CIK:        0001813452
Form:       8-K
Filed at:   2024-03-13T23:59:59+00:00
Accession:  0001437749-24-007635
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1813452/000143774924007635/0001437749-24-007635-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1813452/000143774924007635/plnh20231121_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-007635

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