Volume VS. Price: Lowell Farms Inc.'s Q2 2023 Earnings Show Volume Down 37%, Prices Up By 44%
Portfolio Pulse from Nicolás Jose Rodriguez
Lowell Farms Inc. (OTC:LOWLF) reported a 47% decrease in net revenue to $7.0 million in Q2 2023, compared to $13.2 million in Q2 2022. The company's volume was down by 37%, but prices increased by 44%. The gross margin was negative at 4.8%, leading to a loss of $0.3 million. However, the operating loss improved by 12% YoY, amounting to $2.6 million for Q2 2023. The company's shares were trading 46.20% up at $0.05 after market close on Thursday.
August 11, 2023 | 3:31 am
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Lowell Farms reported a significant decrease in net revenue and volume, but an increase in prices. Despite the negative gross margin, the company's operating loss improved and its shares were trading up.
The decrease in net revenue and volume could negatively impact the company's stock. However, the increase in prices and the improvement in operating loss, along with the rise in the company's share price, indicate a positive short-term impact.
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