---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-23-002104"
form_type: "8-K"
ticker: "ZSTK"
cik: "0001790169"
company_name: "ZeroStack Corp."
filed_at: "2023-03-31T23:59:59+00:00"
generated_at: "2026-06-17T08:12:19.289448+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Flora Growth reports FY2022 revenue $37.2M, +314% YoY; reaffirms 2023 guidance $90M-$105M

## Summary
- Revenue of $37.2 million, a 314% increase year-over-year; Q4 revenue $11.5M, +7% sequentially.
- Gross profit $14.4M (+494% YoY); gross margin improved to 39% from 27%.
- Net loss $52.6M vs $21.4M; adjusted EBITDA loss $18.3M vs $16.5M; margin improved to -49.3%.
- Cash and equivalents $9.5M as of Dec 31, 2022, down from $37.6M a year ago.
- Reaffirms 2023 revenue guidance range of $90 million to $105 million.

## SEC filing metadata
- accession: 0001477932-23-002104
- form_type: 8-K
- ticker: ZSTK
- cik: 0001790169
- company_name: ZeroStack Corp.
- filed_at: 2023-03-31T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1790169/000147793223002104/0001477932-23-002104-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1790169/000147793223002104/flora_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-23-002104
- JSON: https://secwatch.observer/filing/0001477932-23-002104.json
- Plain text: https://secwatch.observer/filing/0001477932-23-002104.txt

## Key facts
- Earnings Releases
  ZeroStack Corp. reported the fiscal year ended December 31, 2022 results: revenue $37.2 million, net income $52.6 million. Guidance reaffirmed.
  - Period: the fiscal year ended December 31, 2022
  - Revenue: $37.2 million
  - Net income: $52.6 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: FY2022 Financial Highlights · For the FY2022, Flora generated $37.2 million in revenue, a 314% increase year-over-year. This was primarily driven by the House of Brands businesses. Additionally, in Q4 2022, revenue was $11.5 million, a 7% sequential increase from Q3 2022, driven primarily by organic growth. · Gross profit for FY2022 increased by 494% year-over-year to $14.4 million. · Gross margin improved year-over-year from 27% in FY2021 to 39% FY2022. · Adjusted EBITDA loss for FY2022 was $18.3 million, up from $16.5 million in FY2021. · Adjusted EBITDA margin for FY2022 improved to -49.3% from -184.2% in FY2021. · Net loss for FY2022 was $52.6 million as compared to $21.4 million for FY2021 and net loss margin for FY2022 improved to -141.6% from -237.9% in FY2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1790169/000147793223002104/0001477932-23-002104-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.