Gold Flora reports Q4 2023 revenue $28.4M, full year $91.0M; net loss $42.7M; positive Q4 adjusted EBITDA $0.11M

Gold Flora Corp.

2024-Q1 EPS reported -$0.05 revenue$32,153,000

Revenue $28.4M in Q4 2023 and $91.0M for full year 2023.
Q4 2023 gross profit $13.2M (46% margin); adjusted gross profit $18.7M (66% adjusted margin).
Net loss $42.2M in Q4 and $42.7M for full year; adjusted EBITDA of $0.11M in Q4, negative $1.4M for full year.
Completed business combination integration achieving $30M annualized cost savings; closed unprofitable delivery depots and sold one retail license.
Launched brand Gramlin in March 2024; reactivated cultivation at Caliva and Airfield, expanding active canopy to ~107,000 sq ft.

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

Gold Flora Corp. reported Q4 2023 results: revenue $28.4 million, net income $(42.2) million.

Period: Q4 2023
Revenue: $28.4 million
Net income: $(42.2) million
Result: preliminary results

Exact text from the filing

Total revenue was $28.4 million for Q4 2023 and $91.0 million for FY 2023.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Gold Flora Corp. reported fiscal year ended December 31, 2023 results: revenue $91.0 million, net income $(42.7) million.

Period: fiscal year ended December 31, 2023
Revenue: $91.0 million
Net income: $(42.7) million
Result: preliminary results

Exact text from the filing

a filing. --- EX-99.1 (EX-99.1) --- Gold Flora Reports Fourth Quarter and Full Year 2023 Financial Results Generates Q4 2023 Revenue of $28.4 Million and Full Year Revenue of $91.0 Million Gross Profit Increased 16% Sequentially to $13.2 Million in Q4 2023, Representing 46% Gross Margin Achieved Positive Adjusted EBITDA in Q4 2023 Developed Disruptive New Brand

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Source: SEC EDGAR

accession 0001876945-24-000034

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