1933 Industries Q3 FY23 Revenue Declines 4.7% YoY, What About Adjusted EBITDA?
Portfolio Pulse from Vuk Zdinjak
1933 Industries Inc. reported a 4.7% YoY decline in Q3 FY23 revenues to CA$4.1 million ($3 million), but a 34.3% increase in YTD 2023 revenues to CA$13.3 million. The company's gross margin was a loss of CA$1.6 million, compared to a profit of CA$2 million in Q3 FY 2022. Net loss was CA$3.4 million for Q3 2023, compared to a loss of CA$12.4 million in Q3 FY 2022. Adjusted EBITDA was a negative CA$2.8 million, compared to positive CA$336,104 in Q3 FY 2022. The company's cash at the end of the period was CA$1.7 million.
June 30, 2023 | 12:19 pm
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NEGATIVE IMPACT
1933 Industries reported a decrease in Q3 FY23 revenues and a negative gross margin, net loss, and adjusted EBITDA. However, the company's YTD 2023 revenues increased by 34.3%.
The company's Q3 FY23 revenues decreased by 4.7% YoY, and it reported a negative gross margin, net loss, and adjusted EBITDA. These factors could negatively impact the company's stock price in the short term. However, the company's YTD 2023 revenues increased by 34.3%, which could potentially offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100