Ascend Wellness Q2 net revenue $123M (+26% YoY), net income $0.8M vs loss year ago

Ascend Wellness Holdings, Inc.

2023-Q2 EPS reported -$0.09 revenue$237,164,000

Net revenue of $123.0M, up 26.1% YoY and 7.7% QoQ; gross revenue $151.0M, up 28.4% YoY.
Net income of $0.8M vs net loss of $21.2M in Q2 2022; positive GAAP profitability.
Adjusted EBITDA $21.3M (17.3% margin); cash flows from operations $25.4M, second consecutive positive quarter.
Retail revenue $89.9M (+18.9% YoY); wholesale revenue net of intercompany $33.1M (+51% YoY).
Cash and equivalents $68.0M; net debt $241.8M as of June 30, 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 0.95

Ascend Wellness Holdings, Inc. reported Q2 2023 results: revenue $123.0 million, net income $0.8 million.

Period: Q2 2023
Revenue: $123.0 million
Net income: $0.8 million
Result: reported results

Exact text from the filing

quarter-over-quarter to $151.0 million. • Net revenue, which excludes intercompany sales of wholesale products, increased 26.1% year-over-year and 7.7% quarter-over-quarter to $123.0 million. • Retail revenue increased 18.9% year-over-year and 8.6% quarter-over-quarter to $89.9 million. • Gross wholesale revenue increased 45.3% year-over-year and 4.7%

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Source: SEC EDGAR

accession 0001628280-23-028251

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