---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-23-003575"
form_type: "8-K"
ticker: "ZSTK"
cik: "0001790169"
company_name: "ZeroStack Corp."
filed_at: "2023-05-15T23:59:59+00:00"
generated_at: "2026-06-15T01:25:22.703216+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001477932-23-003575
- form_type: 8-K
- ticker: ZSTK
- cik: 0001790169
- company_name: ZeroStack Corp.
- filed_at: 2023-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1790169/000147793223003575/0001477932-23-003575-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1790169/000147793223003575/flora_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-23-003575
- JSON: https://secwatch.observer/filing/0001477932-23-003575.json
- Plain text: https://secwatch.observer/filing/0001477932-23-003575.txt

## Key facts
- Earnings Releases
  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
  source text: · 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).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1790169/000147793223003575/0001477932-23-003575-index.htm

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