Planet 13 Q4 2024 revenue $30.3M, net loss $26.4M includes $18.9M impairment

Planet 13 Holdings Inc.

Q4 2024 revenue $30.3M (+31.8% YoY); full year revenue $116.4M (+18.2%).
Q4 net loss $26.4M vs $14.3M loss in Q4 2023; includes $18.9M non-cash impairment.
Q4 adjusted EBITDA $0.0M vs $1.3M in prior year; full year adj. EBITDA $3.5M (+49.2%).
Gross margin fell to 43.2% in Q4 (from 47.8%) due to price compression and Florida discounts.
Cash $25.4M at year-end vs $17.3M; total liabilities $94.0M up from $44.1M.

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