Upcoming Q3 2022 Earnings Report for NDVAQCINDIVALUVIN wrote: They've been saying cash flow positive for 2nd half of the year for months and here we are. If not Q3, should be Q4.
I think a positive upcoming Q3 2022 Earnings Report will be important if we want to see any significant share price appreciation for NDVA. The share price has been range bound between C$0.135 and C$0.15 for the past 5 weeks.
With edibles being the fastest growing cannabis product for consumers we need to see that NDVA has maintained or grown their #1 market share. Hopefully intermittent provincial delivery shortfalls haven't affected quarterly revenues. In my opinion, Net revenue from edibles must exceed or at minimum equal $8.5 million or investors will be disappointed. Q3 includes the busy summer months of July/August and Q2 revenue disappointed.at $7.2 million down about 14% from Q1 and the prior year period.
I would also hope that adjusted EBITDA is positive this quarter. The company stated in the last earnings report:
"The Company expects Q3 2022 and 2H 2022 net revenue to be higher sequentially and year-over-year... Margins are expected to benefit in the second half of 2022 due to the implementation of automation in the production and packaging of edible products."
If they can deliver on this outlook we should see the share price appreciate.
Thomson Reuters has the next
expected earnings report date as November 14th, 2022