SLANG Q1 Revenue Grows 29% YoY, Here Are The Details
Portfolio Pulse from Vuk Zdinjak
SLANG Worldwide Inc. reported Q1 2023 revenue of CA$10.82 million, a 29% YoY increase, driven by core market sales growth in Vermont and Colorado. The company achieved a 56% YoY increase in gross profit and turned its adjusted EBITDA positive.
May 24, 2023 | 2:13 pm
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SLANG Worldwide's Q1 2023 revenue grew 29% YoY, driven by core market sales in Vermont and Colorado. The company achieved a 56% YoY increase in gross profit and turned its adjusted EBITDA positive.
SLANG Worldwide's strong Q1 2023 financial results, including a 29% YoY revenue growth, 56% YoY increase in gross profit, and positive adjusted EBITDA, indicate a positive short-term impact on the company's stock price. The growth in core market sales and improved financial performance are likely to boost investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100