earnings
confidence high
sentiment neutral
materiality 0.65
MariMed Q3 revenue up 5% to $40.6M; net loss narrows to $1.0M
MARIMED INC.
2024-Q3 EPS reported
-$0.01
revenue$118,962,000
- Revenue $40.6M, +5% YoY; adjusted EBITDA $4.7M vs $6.1M in Q3 2023.
- GAAP net loss $1.0M improved from $4.3M loss; non-GAAP net income $0.5M.
- Wholesale revenue grew at least 20% YoY; retail transactions increased YoY.
- Nine-month revenue $119.0M, up 8.5% YoY; adjusted EBITDA $13.7M vs $19.4M.