Lowell Farms Inc. (CSE:LOWL)
Canada · Delayed Price · Currency is CAD 0.0150
-0.0150 (-50.00%)
Apr 14, 2025, 9:33 AM EST
Lowell Farms Earnings Call Transcripts
Fiscal Year 2024
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Q3 2024 net revenue fell 8% sequentially and 48% year-over-year, with gross margin at -29% due to higher cost inventory sell-through. Retail expansion and new brand partnerships are expected to drive future growth, while cost reductions and operational efficiencies aim to improve margins.
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Q2 2024 net revenue fell 27% sequentially to $3.5M, with gross margin at -15.7% and a net loss of $0.8M, aided by a $2.3M rent accrual reversal. The company exited cultivation, expanded distributed brands, and expects improved margins and revenue growth from operational efficiencies and co-manufacturing.