RE:RE:Most Recent QTR Report$52.8 quarterly revenue x 4 quarters = annual revenue of $ 215 million.
Just two months ago, you were spewing that Hexo would hit $400 to $600 million.
Impairments aside - Hexo would STILL have had a $80 million loss.
Everyone, except pumptards, acknowledge that Hexo over paid for Redecan ($ 1 BILLION) - and just 2 months after closing, wrote $375 million in 'goodwill' confirming that.
Queentard and tonto in previous posts gave SSL an A+ for his negotiating skills.
SSL must have been representing Redecan on that one.
Uquintard's numbersbelow are actually meaningless - the only numbers tht Will save Hexo are NET Profit and positive cash flow tos ervice their debt created by ridiculous, worthless acquisitons.
quinlash - (4/5/2022 9:29:52 AM)
RE:Most Recent QTR Report
Q2 2022 Key Financial Highlights
Total net revenues of $52.8 million hit second consecutive quarterly high, a 61% increase compared to Q2’21
Adjusted gross margin improvement quarter over quarter from 25% to 36%
Adjusted EBITDA increased by $5.6 million from $(11.2) million to $(5.6) million
Completes write-down of $616 million in impairments, eliminating past issues and enabling a clean slate for future growth:
$100 million of impairment losses on property, plant and equipment as management performed an assessment of its new and existing consolidated production capability and asset base
$141 million of impairment of intangible assets and $375 million of impairment on goodwill as management underwent a revision of forecasts and budgets to align to the Path Forward and the Company’s consolidated capabilities across all subsidiaries