Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Verano Holdings Corp. reported the fiscal year ended December 31, 2023 results: revenue $938 million, net income $(117) million.
- Period
- the fiscal year ended December 31, 2023
- Revenue
- $938 million
- Net income
- $(117) million
- Result
- reported results
Exact text from the filing
Full Year 2023 Financial Highlights • Revenue of $938 million, an increase of 7% year-over-year. • Gross profit of $475 million or 51% of revenue. • SG&A expense of $332 million or 35% of revenue. • Net loss of $(117) million or (13)% of revenue. • Adjusted EBITDA 2 of $305 million or 32% of revenue. • Net cash provided by operating activities of $110 million. • Capital expenditures of $36 million. • Free cash flow 1 of $73 million.
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Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Verano Holdings Corp. reported the fourth quarter ended December 31, 2023 results: revenue $237 million, net income $(77) million.
- Period
- the fourth quarter ended December 31, 2023
- Revenue
- $237 million
- Net income
- $(77) million
- Result
- reported results
Exact text from the filing
Fourth Quarter 2023 Financial Highlights • Revenue of $237 million, an increase of 5% year-over-year, and decrease of 1% versus the prior quarter. • Gross profit of $118 million or 50% of revenue. • SG&A expense of $86 million or 36% of revenue. • Net loss of $(77) million or (33)% of revenue. • Adjusted EBITDA 2 of $73 million or 31% of revenue. • Net cash provided by operating activities of $32 million. • Capital expenditures of $10 million. • Free cash flow 1 of $23 million.
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