Curaleaf Holdings Reports Q3 2023 Cannabis Revenue Of $333M, 23% EBITDA Margin
Portfolio Pulse from Nicolás Jose Rodriguez
Curaleaf Holdings, Inc. (OTC:CURLF) reported Q3 2023 financial results, with $333 million in revenue, up 2% YoY, and an adjusted EBITDA margin of 23%. The company's gross profit was $150.1 million, reflecting a 45% gross margin. The net loss was $92.3 million, or $0.13 per share, but the adjusted net loss from continuing operations was $70.8 million, or $0.10 per share. The company ended the quarter with $118.1 million in cash and generated $33.4 million in free cash flow.
November 09, 2023 | 10:26 pm
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Curaleaf reported Q3 2023 results with revenue of $333 million, up 2% YoY, and an adjusted EBITDA margin of 23%. Despite a net loss, the company's strong cash position indicates financial stability.
Curaleaf's Q3 2023 results show a 2% YoY increase in revenue and a strong EBITDA margin, indicating operational efficiency. Despite reporting a net loss, the company's strong cash position and free cash flow generation suggest financial stability. However, the net loss may concern some investors, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100