TSX:HEXO.W.A - Post by User
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VeritasVernon Jun 15, 2023 10:09am
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Hexo net revenues down another 11% this Q to $21.6 m
Hexo net revenues down another 11% this Q to $21.6 m“HEXO recorded $21.6 million in net revenues in the third quarter, representing an 11% decline from the second quarter,” noted Julius Ivancsits, Chief Financial Officer of HEXO. “Our G&A expenses, excluding Health Canada cannabis fees1, improved by $2.6 million compared to the second quarter, while our selling, marketing, and promotion expenses were largely flat quarter over quarter. We recognized an adjusted EBITDA2 loss of $3.9 million, compared to a loss of $2.4 million in the second quarter.”