MariMed Q4 revenue up 15.5% YoY to $35.8M; net income turns positive but EBITDA margin shrinks

MARIMED INC.

2022-FY EPS reported $0.04 revenue$134,010,000

Q4 revenue $35.8M (+15.5% YoY); full-year revenue $134.0M (+10.3% YoY).
GAAP net income Q4 $4.8M vs loss of $6.4M in prior year; full-year net income $13.6M (+79% YoY).
Non-GAAP adjusted EBITDA Q4 $4.5M (down 46% YoY); full-year $32.4M (down 24% YoY).
GAAP gross margin Q4 44% vs 50% prior year; full year 48% vs 55%.
CEO: positive cash flow from ops for third consecutive year; expects accelerated growth in 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

MARIMED INC. reported year ended December 31, 2022 results: revenue $134.0, net income $13.6.

Period: year ended December 31, 2022
Revenue: $134.0
Net income: $13.6
Result: reported results

Exact text from the filing

2022 and 2021 (in millions, except percentage amounts): Financial Highlights 1 Three months ended Year ended December 31, December 31, 2022 2021 2022 2021 Revenue $ 35.8 $ 31.0 $ 134.0 $ 121.5 GAAP Gross margin 44 % 50 % 48 % 55 % Non-GAAP Gross margin 45 % 50 % 48 % 55 % GAAP Net income (loss) $ 4.8 $ (6.4) $ 13.6 $ 7.6 Non-GAAP Net income $ 5.2 $ 0.1 $ 22.2 $

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

MARIMED INC. reported three months ended December 31, 2022 results: revenue $35.8, net income $4.8.

Period: three months ended December 31, 2022
Revenue: $35.8
Net income: $4.8
Result: reported results

Exact text from the filing

December 31, 2022 and 2021 (in millions, except percentage amounts): Financial Highlights 1 Three months ended Year ended December 31, December 31, 2022 2021 2022 2021 Revenue $ 35.8 $ 31.0 $ 134.0 $ 121.5 GAAP Gross margin 44 % 50 % 48 % 55 % Non-GAAP Gross margin 45 % 50 % 48 % 55 % GAAP Net income (loss) $ 4.8 $ (6.4) $ 13.6 $ 7.6 Non-GAAP Net income $ 5.2

View on SEC.gov

Browse all earnings releases →

MARIMED INC. filing history →

Source: SEC EDGAR

accession 0001522767-23-000009

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.