Q4 net revenue $140M (+25% YoY), adjusted EBITDA $32M; first full year positive ops cash flow

Ascend Wellness Holdings, Inc.

Q4 2023 net revenue $140.2M, up 25.0% YoY; full year net revenue $518.6M, up 27.8% YoY.
Net loss narrowed to $48.2M in FY 2023 from $80.9M in FY 2022; Q4 net loss $19.3M.
Adjusted EBITDA Q4 $32.4M (+14.8% YoY); full year $106.5M (+14.3% YoY).
First full year of positive cash from operations ($54.5M) and positive free cash flow ($30.3M, excl. $20.8M ERTC).
Ended Q4 with $72.5M cash; net debt $236.2M; opened 6 dispensaries in 2023, total now 35.

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 FY2023 results: net income $48.2 million loss.

Period: FY2023
Net income: $48.2 million loss
Result: reported results

Exact text from the filing

FY 2023: Net revenue increased 27.8% year-over year to $518.6 million.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Ascend Wellness Holdings, Inc. reported FY2023 results: net income $48.2 million loss.

Period: FY2023
Net income: $48.2 million loss
Result: reported results

Exact text from the filing

FY 2023: Net loss of $48.2 million compared to net loss of $80.9 million for FY 2022.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Ascend Wellness Holdings, Inc. reported Q4 FY2023 results: net income $19.3 million loss.

Period: Q4 FY2023
Net income: $19.3 million loss
Result: reported results

Exact text from the filing

Q4 2023: Net revenue, which excludes intercompany sale of wholesale products, decreased 0.8% quarter-over-quarter to $140.2 million, and increased 25.0% year-over year.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Ascend Wellness Holdings, Inc. reported Q4 FY2023 results: net income $19.3 million loss.

Period: Q4 FY2023
Net income: $19.3 million loss
Result: reported results

Exact text from the filing

Q4 2023: Net loss of $19.3 million compared to net loss of $15.1 million in Q4 2022.

View on SEC.gov

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

Ascend Wellness Holdings, Inc. filing history →

Source: SEC EDGAR

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