Gold Flora Q2 Earnings: Revenue Soars Though Net Loss Widens To $24M
Portfolio Pulse from Patricio Liddle
Gold Flora Corp. (OTC:GRAM) reported Q2 2024 earnings with revenue soaring to $31.64 million, but net loss widening to $23.95 million. Despite operational improvements and increased product portfolio, shares fell 5.67% to $0.0915.
August 15, 2024 | 5:11 pm
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NEGATIVE IMPACT
Gold Flora Corp. reported significant revenue growth but also a widening net loss for Q2 2024. Despite operational improvements and an expanded product portfolio, shares fell 5.67%.
The significant increase in revenue is overshadowed by the widening net loss and increased adjusted EBITDA loss. Despite operational improvements, the market reacted negatively, leading to a 5.67% drop in share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100