Verano Q1 revenue $221M falls 3% YoY; net loss narrows to $5M

Verano Holdings Corp.

2024-Q1 EPS reported -$0.01 revenue$221,306,000

Revenue $221M, down 3% YoY and 7% sequentially, exceeding guidance.
Gross profit $113M (51% of revenue), up from 48% in Q1 2023.
Net loss $5M vs $9M in Q1 2023; Adjusted EBITDA $67M (30% of revenue).
SG&A $90M (41% of revenue), up from 33% a year ago on store openings.
Q2 2024 guidance: flat to low single-digit revenue growth; prepaid $50M debt after quarter end.

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

Verano Holdings Corp. reported the first quarter ended March 31, 2024 results: revenue $221 million, net income $(5) million.

Period: the first quarter ended March 31, 2024
Revenue: $221 million
Net income: $(5) million
Result: reported results

Exact text from the filing

document filed under the Securities Act of 1933, as amended, or the Exchange Act. --- EX-99.1 (EX-99.1) --- Verano Announces First Quarter 2024 Financial Results Generated $221 Million in Revenue, Exceeding Guidance Increased Gross Profit Margin by Nearly 300 Basis Points Year Over Year CHICAGO, May 8, 2024 (GLOBE NEWSWIRE) – Verano Holdings Corp. (Cboe CA:

View on SEC.gov

1427 earnings releases filed in the last 30 days. Browse all earnings releases →

Verano Holdings Corp. filing history →

Source: SEC EDGAR

accession 0001628280-24-021327

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.