Avenir Wellness Solutions Stock Trading Higher On Q1 Revenue Growth Of 15.1% YoY
Portfolio Pulse from Vuk Zdinjak
Avenir Wellness Solutions, Inc. (OTCPK:CURR) reported Q1 2023 results with net revenue of $1.2 million, a 15.1% YoY increase and 35.6% sequential growth from Q4 2022. Gross profit was $977,000, and gross margin was 78.9%. The company ended the period with $1.4 million in cash. However, a delay in receiving proceeds from a July 2022 asset sale will negatively impact Q2. The company's shares were trading 20.05% higher at $0.1 per share.
July 31, 2023 | 2:48 pm
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Avenir Wellness Solutions reported strong Q1 2023 results, driving its stock price up. However, a delay in asset sale proceeds is expected to negatively impact Q2.
Avenir Wellness Solutions reported strong Q1 2023 results, which is likely driving its stock price up. However, the company mentioned a delay in receiving proceeds from a July 2022 asset sale, which is expected to negatively impact its Q2 results. This could potentially affect the stock's performance in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100