Goodness Growth Q3 Reflects 31% Revenue Surge Of $24.7M, Positive Cash Flow & Balance Sheet
Portfolio Pulse from Joana Scopel
Goodness Growth Holdings, Inc. reported a 31% increase in Q3 revenue to $24.7M, with a significant rise in gross profit and operating income. The company saw a reduction in SG&A expenses and reported positive EBITDA and cash flow. The balance sheet shows $135.1M in current assets against $165.4M in liabilities. Shares of GDNSF rose 10.30% to $0.182.
November 15, 2023 | 1:32 am
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POSITIVE IMPACT
Goodness Growth Holdings reported a strong Q3 with revenue up 31% to $24.7M, improved profit margins, and a positive EBITDA. Shares increased by 10.30%.
The positive financial results, including a significant increase in revenue and operating income, along with a reduction in expenses, are likely to be viewed favorably by investors. The reported increase in share price following the earnings release suggests a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100