Canada · Delayed Price · Currency is CAD · Price in USD FLUENT Earnings Call Transcripts
Fiscal Year 2025
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Q1 2025 revenue rose 5.9% year-over-year to $26.7 million, with adjusted EBITDA at $3.5 million, reflecting growth investments and Florida market softness. Cash position improved to $30.7 million post-acquisition, supporting future expansion.
Fiscal Year 2024
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Record annual revenue of $103.6M marked a 6.4% increase, driven by expansion and new brands. Q4 saw margin pressure in Florida, but strong cash flow and a solid balance sheet position the company for further growth, with new facilities and stores planned for 2025.
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Completed RIV Capital merger, expanding to 42 stores and entering New York. Q3 revenue grew 3.5% to $26.1M, with strong cash flow and margin. Florida and New York remain growth drivers, despite near-term price compression and competition.
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Record Q2 earnings and 12% revenue growth driven by Florida expansion and operational efficiencies. Integration with RIV Capital and new facilities position for future growth, while debt refinancing and adult use market potential in Florida shape the outlook.