Trulieve Q2 Revenue Declines 10% YoY, What About Adjusted EBITDA?
Portfolio Pulse from Vuk Zdinjak
Trulieve Cannabis Corp. reported Q2 2023 revenues of $282 million, a 10% YoY decrease from $314 million in Q2 2022. Other financial highlights include a gross profit of $142 million (down 23% YoY), a net loss of $404 million, and an adjusted EBITDA of $79 million (down 29% YoY). Despite the decline, CEO Kim Rivers remains optimistic about the company's competitive position and future prospects.
August 09, 2023 | 12:24 pm
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NEGATIVE IMPACT
Trulieve's Q2 2023 results show a significant decrease in revenue, gross profit, and adjusted EBITDA YoY. The company also reported a substantial net loss.
The company's financial performance has declined significantly compared to the same period last year. This includes a 10% decrease in revenue, a 23% decrease in gross profit, and a 29% decrease in adjusted EBITDA. Additionally, the company reported a net loss of $404 million. These factors are likely to negatively impact the company's stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100