Cronos Group Q4 net revenue up 9% YoY; net loss improves to $45M; cash balance $862M

Cronos Group Inc.

2023-FY EPS reported -$0.19 revenue$87,241,000

Q4 net revenue $23.9M (+9% YoY); full-year net revenue $87.2M (+1% YoY).
Q4 net loss $45.2M, improved from $76.2M loss in Q4 2022; full-year net loss $70.4M vs $155.2M.
Adjusted EBITDA -$14.8M in Q4, improved $4.2M YoY; full-year -$61.6M, improved $8.7M.
Ended Q4 with ~$862M cash; expects positive cash flow in 2024 on ~$40-50M interest income and $5-10M cost savings.
Spinach brand #2 in Canada; launched Lord Jones in Canada; commenced Australia sales; Israel-Hamas war hit Israel sales.

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 0.7

Cronos Group Inc. reported financial results for fourth quarter and full year ended December 31, 2023.

Period: fourth quarter and full year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 29, 2024, Cronos Group Inc. (the “Company”) issued a press release announcing its financial results for its fourth quarter and full year ended December 31, 2023.

View on SEC.gov

1052 earnings releases filed in the last 30 days. Browse all earnings releases →

Cronos Group Inc. filing history →

Source: SEC EDGAR

accession 0001656472-24-000017

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.