Ascend Wellness Q2 net revenue $141.5M (+15% YoY); net loss of $21.8M vs prior year net income

Ascend Wellness Holdings, Inc.

2024-Q2 EPS reported -$0.19 revenue$283,946,000

Net revenue $141.5M, up 15.1% YoY; gross wholesale revenue +30.1% YoY to $79.6M.
Adjusted EBITDA $28.3M (20.0% margin), up 32.9% YoY; net loss $21.8M vs net income $0.8M in Q2 2023.
Retail revenue $93.1M (+3.6% YoY); wholesale net revenue $48.5M (+46.2% YoY).
Cash and cash equivalents $83.7M; net debt $225.6M as of June 30, 2024.
Generated ~$32M cash from operations (sixth consecutive positive quarter), incl. ~$18M tax refunds.

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