Cannabis CPG Co. SLANG Worldwide Narrows Q4 Loss By 56% YoY, Reports Dip In Revenue
Portfolio Pulse from Jelena Martinovic
SLANG Worldwide Inc. (OTCQB:SLGWF) reported a 56% YoY decrease in Q4 total comprehensive loss and a 37% decrease in Q4 revenue. FY 2023 saw a 7% revenue decrease but a 34% decrease in total comprehensive loss. The company highlighted a strategic focus on profitable growth, resulting in higher margins and lower operating expenses. SLANG's shares dropped 5.8824% to $0.028 per share following the announcement.
April 12, 2024 | 5:31 pm
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SLANG Worldwide Inc. reported a significant decrease in Q4 loss and FY 2023 revenue, with strategic improvements leading to higher margins and reduced expenses. Shares fell 5.8824% to $0.028.
The reported decrease in Q4 loss and FY 2023 revenue, alongside strategic improvements, indicates a mixed financial performance. However, the immediate negative reaction in share price suggests a short-term bearish outlook for SLGWF, reflecting investor concerns over the revenue dip despite operational improvements.
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