Cronos Group Q4 revenue up 27% YoY to $30.3M; reports net income of $43.9M vs prior year loss

Cronos Group Inc.

2024-FY EPS reported $0.11 revenue$117,615,000

Q4 net revenue $30.3M (+27% YoY); full-year revenue $117.6M (+35% YoY).
Net income of $43.9M in Q4 (vs loss of $45.2M); full-year net income $40.0M (vs loss of $70.4M).
Adjusted EBITDA improved to -$7.2M in Q4 from -$14.8M; full-year -$34.9M from -$61.6M.
Spinach #1 cannabis brand in Canada; PEACE NATURALS #1 in Israel; achieved $8.7M operating expense savings in 2024.
Cash and equivalents $858.8M; Cronos GrowCo expansion on track for Q2 2025 completion.

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