Decibel Cannabis Achieves Record Revenue Of $20M In Q1, What About Profit?
Portfolio Pulse from Vuk Zdinjak
Decibel Cannabis Company Inc. reported record net revenue of $20 million in Q1 2023, a 63% YoY growth. Gross profit increased by 204.5% to CA$9.4 million, and gross profit margin was 34.8%. Net loss was CA$569,000, and adjusted EBITDA was CA$6.8 million.
May 30, 2023 | 12:26 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Decibel Cannabis reported record Q1 2023 revenue of $20M, a 63% YoY growth, and a significant increase in gross profit. Net loss improved to CA$569,000.
Decibel Cannabis' record revenue and significant increase in gross profit indicate strong growth and improved financial performance. The reduced net loss also shows progress in the company's operations. These factors are likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100