Cansortium Q1 Revenue Grows 12% YoY, What About Adjusted EBITDA?
Portfolio Pulse from Vuk Zdinjak
Cansortium Inc. reported Q1 2023 revenue of $22.1 million, a 12% increase compared to Q1 2022. Gross profit rose to $7.5 million, net loss decreased to $7.4 million, and adjusted EBITDA increased 56% to $9.7 million. The company had $9.5 million in cash and cash equivalents and $57.9 million of total debt.
May 31, 2023 | 12:43 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Cansortium's Q1 2023 revenue increased 12% YoY, with adjusted EBITDA up 56%. The company is focusing on growth and profitability improvements.
Cansortium's Q1 2023 financial results show strong growth in revenue and adjusted EBITDA, indicating a positive trend for the company. This is likely to have a positive short-term impact on the stock price as investors may see the company's growth and profitability improvements as a sign of a strong business performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100