RE:RE:RE:$33 Million in Rev's and Profitable for only $0.04 :) srtman03 wrote: srtman03 wrote: 1hot-techwoman wrote: Q3 2024 Highlights and Subsequent Events -- The Company continues to outperform, delivering another record-breaking quarter of financial results across key metrics of revenue, margin and adjusted EBITDA; -- Established a new all-time record in net revenues of $33.3 million, an increase of 18% year-over-year and 14% quarter-over-quarter; -- Set a new all-time record in Gross Margin on Finished Cannabis Inventory Sold1 of 47% in the quarter, an improvement of 17% year-over-year; -- SG&A continued to remain substantially flat quarter-over-quarter, with a notable 16% decrease year-over-year; -- Fifth consecutive quarter of positive adjusted EBITDA1, achieving a new all-time record of $8.3 million, representing a 60% quarter-over-quarter increase and a remarkable 6,982% increase compared to the same period in 2023; -- Net income of $3.2 million and cash flow provided by operating activities of $12.9 million; -- The Company continued to make improvements to its balance sheet by reducing its debt1, by 54% compared to the end of 2023, including repaying the outstanding principal on the Company's standby financing facility; -- The Company saw improvements in its overall national market share, moving into the #4 LP position in national recreational sales for the quarter2; -- Market leadership in the all-in-one vape category, securing over 36% of the total market share in the category and 50% of the top 10 vape SKU positions nationally; -- Back Forty's Liquid Imagination 28g SKU continued to win with consumers, ending the quarter as the #1 selling flower nationally; -- The Company's pre-roll product suite saw a 19% increase in national sales compared to the previous quarter with Back Forty's Wedding Pie and Banana OG, securing the #3 and #4 position respectively, in national non-infused pre-roll sales for the quarter.
100% in agreement there !! Patience is needed.
Hence as I was saying !! They are profitable and growing...so I wait !!!
Not the time to be selling I can assure you that :)
To many good things happening with Auxly now !!! $$$$