High Tide Reports 14th Straight Quarter Of Positive Adjusted EBITDA, Q3 Results Best In History, CEO Says
Portfolio Pulse from Jelena Martinovic
High Tide Inc. reported its Q3 earnings, marking the 14th straight quarter of positive adjusted EBITDA. The company's CEO, Raj Grover, called it the best quarter in High Tide's history. Revenue increased by 30% YoY and 5% sequentially to $91.7 million. Gross profit rose by 34% YoY and 10% QoQ to $34.6 million. The company also announced the launch of Cabanalytics Consumer Insights, a digital publication extending the Cabanalytics business data and insights platform.
September 14, 2023 | 8:02 pm
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POSITIVE IMPACT
High Tide's Q3 results show strong financial performance with significant YoY and sequential growth in revenue and gross profit. The launch of Cabanalytics Consumer Insights could further strengthen its business model.
High Tide's strong Q3 results, marked by significant growth in revenue and gross profit, indicate a robust financial performance. The launch of Cabanalytics Consumer Insights, extending its business data and insights platform, could potentially enhance its business model and drive further growth. This positive news is likely to have a positive impact on the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100