TerrAscend Corp. Q3 2023 Financial Results, Net Revenue $89.2M, Adjusted EBITDA $24.2M
Portfolio Pulse from Joana Scopel
TerrAscend Corp. reported Q3 2023 financial results, with net revenue of $89.2M, a 23.7% sequential increase, and adjusted EBITDA of $24.2M, an 89% sequential increase. The company also reported a gross profit margin of 53.6% and a GAAP net loss from continuing operations of $8.4M. The company's free cash flow from continuing operations was $7.7M. The company's shares were trading down at 1.53% at $1.61 per share post-market closing on Thursday.
November 09, 2023 | 11:27 pm
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NEGATIVE IMPACT
TerrAscend Corp. reported strong Q3 2023 results, with significant increases in net revenue and adjusted EBITDA. However, the company's shares were trading down post-market.
TerrAscend Corp. reported strong Q3 2023 results, with significant increases in net revenue and adjusted EBITDA. This indicates a strong financial performance. However, despite these positive results, the company's shares were trading down post-market. This could be due to a variety of factors, including market sentiment, broader market trends, or investor expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100