Unrivaled Brands Revenue Declines 44% YoY In Q2, Profit Follows Suit
Portfolio Pulse from Jelena Martinovic
Unrivaled Brands, Inc. (OTCQB:UNRV) reported a 44% YoY decrease in Q2 revenue to $8.8 million, with a net loss of $1.4 million. Despite the decline, the company saw an increase in retail gross margin to 53% from 51% in the prior year. The company's shares traded 0.9091% lower at $0.0163 per share.
August 15, 2023 | 6:06 pm
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Unrivaled Brands reported a significant decrease in Q2 revenue and a net loss, which may negatively impact investor sentiment. However, the increase in retail gross margin could be a positive sign.
The significant decrease in revenue and net loss reported by Unrivaled Brands could negatively impact the company's stock price in the short term. However, the increase in retail gross margin indicates some operational efficiency, which could mitigate the negative impact to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100