earnings
confidence high
sentiment positive
materiality 0.65
Ascend Wellness Q4 2024 Adj. EBITDA $30.2M; FY revenue $562M (+8% YoY)
Ascend Wellness Holdings, Inc.
- FY2024 net revenue $562M (+8% YoY); Adj. EBITDA $116M (+9% YoY).
- Q4 2024 Adj. EBITDA $30.2M; Adj. Gross Margin 41.9% (ahead of expectations).
- Generated $30.1M Free Cash Flow in Q4; ended quarter with $88M cash.
- Ten stores in development (OH, PA, IL, NJ) as part of densification strategy.
- Launched Effin' brand; achieved top edible spot in Ascend stores.