Lifeist Q2 FY23 Net Revenue Grows 51% YoY, What About Adjusted EBITDA?
Portfolio Pulse from Vuk Zdinjak
Lifeist Wellness Inc. reported Q2 FY23 net revenue of CA$6.2 million ($4.7 million), a 51% YoY increase, driven by a CA$1.2 million increase in Aus Vapes hardware revenue, and growth in CannMart cannabis and Mikra nutraceutical revenues. The company also reported a gross profit of CA$1.8 million, a net loss of CA$2.2 million, and an improved adjusted EBITDA loss of CA$2.4 million. Lifeist's CFO, Slava Klems, is transitioning to a fractional CFO position.
July 28, 2023 | 1:35 pm
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POSITIVE IMPACT
Lifeist's Q2 FY23 results show strong revenue growth and improved losses, indicating a positive trajectory. The CFO's transition could introduce some uncertainty.
Lifeist's strong revenue growth and improved losses indicate a positive trajectory, which could boost investor confidence and potentially drive the stock price up. However, the CFO's transition to a fractional role could introduce some uncertainty, which may temper the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100