Simply Better Brands Reports Adjusted EBITDA Loss In Q2, CEO Confident In Revenue & Profit Growth For 2023
Portfolio Pulse from Jelena Martinovic
Simply Better Brands Corp. reported Q2 2023 financial results, with a revenue of $23.6 million, a 40% increase compared to Q2 2022. However, the company reported an adjusted EBITDA loss of $2.4 million, compared to a positive adjusted EBITDA of $900,000 in the same quarter of the previous year. Despite this, the CEO remains confident in the company's revenue growth and profit improvement for 2023, with an expected consolidated net sales exceeding $80 million and a positive adjusted EBITDA in the range of $3-4 million.
August 30, 2023 | 3:00 pm
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Simply Better Brands reported a Q2 2023 adjusted EBITDA loss but expects significant revenue and profit growth in 2023.
The company reported a loss in Q2 2023, but the CEO's confidence in significant revenue and profit growth in 2023 could positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100