Gold Flora Q1 revenue $32.2M (+13% seq.), net loss $13.7M, adj. EBITDA -$1.8M

Gold Flora Corp.

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

Revenue $32.2M, up 13% sequentially; gross profit $10.0M (31% margin).
Adjusted gross profit $17.4M (54% margin); net loss $13.7M.
Adjusted EBITDA of -$1.8M; operating cash use improved 31.3% to $4.4M.
Active cultivation canopy 107,000 sq ft; leased additional 53,000 sq ft post-quarter.
Launched Gramlin brand in March 2024; inventory grew $1.7M ahead of launch.

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 1.0

Gold Flora Corp. reported its quarter ended March 31, 2024 results: revenue $32.2 million, net income $13.7 million.

Period: its quarter ended March 31, 2024
Revenue: $32.2 million
Net income: $13.7 million
Result: reported results

Exact text from the filing

expressly set forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- Gold Flora Reports First Quarter 2024 Financial Results Grew Revenue 13% Sequentially to $32.2 Million Achieved Adjusted Gross Profit of $17.4 Million, Representing 54% Adjusted Gross Margin Conference Call to be Held May 15, 2024, at 6:00 p.m. ET Costa Mesa, CA – May 15, 2024 -

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Source: SEC EDGAR

accession 0001876945-24-000046

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