RE:Cannabis sector: Dirt-cheap Grove (GRVI) & superb resultsstockfy wrote: Profitable undiscovered Grove (GRVI) knocks it out of the park with its yesterday's quarterly results:
https://www.globenewswire.com/news-release/2022/05/16/2443997/0/en/Grove-Inc-Announces-Third-Quarter-Financial-Results.html
GRVI maintains a pristine balance sheet too. Actually, GRVI has the strongest balance sheet in the cannabis sector.
On top of this, GRVI remains dirt-cheap on relative and absolute valuation analysis while being a takeover target for a larger cannabis name.
Look quarterly, revenue are about the same than two quarter's ago. Another company with stalling revenue. Too much competition is the problem. This is why they tell you the annual growth. This is always easier to generate revenue at the beginning. They can even tell they improved from last quarter. They will not tell you they are two quarters back. Scroll to the right.
Fiscal Year ends in Dec USD in Millions except per share data | | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 |
Total Revenue | | 10.67 | 8.45 | 10.65 | 6.35 | 4.16 |
Operating Revenue | | 10.67 | 8.45 | 10.65 | 6.35 | 4.16 |