Flora Growth Q1 revenue $20.1M (+307% YoY); net loss narrows to $3.9M

ZeroStack Corp.

2024-Q1 EPS reported -$0.58 revenue$20,107,000

Revenue $20.1M, highest quarterly ever; up 307% YoY from $4.9M.
Net loss $3.9M improved from $7.6M loss in Q1 2022; adjusted EBITDA loss $1.4M.
Gross profit $5.5M (+105% YoY); gross margin fell to 27% from 54% due to lower-margin German pharma sales.
Cash $5.3M at Mar 31, 2023, down from $9.5M at Dec 31, 2022; CEO flags potential need for financing.
Cannabis export delays from Colombia and slower cost reductions challenge liquidity and operations.

item 2.02 item 7.01 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

ZeroStack Corp. reported the three months ended March 31, 2023 results: revenue $20.1 million, net income net loss of $3.9 million.

Period: the three months ended March 31, 2023
Revenue: $20.1 million
Net income: net loss of $3.9 million
Result: reported results

Exact text from the filing

· Flora generated $20.1 million in revenue in Q1 2023, a 307% increase year-over-year. · Gross profit for Q1 2023 increased 105% year-over-year, to $5.5 million. · Posted a net loss of $3.9 million for Q1 2023 (decreased from Q1 2022).

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

ZeroStack Corp. filing history →

Source: SEC EDGAR

accession 0001477932-23-003575

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