Avicanna Inc. (TSX:AVCN)

Avicanna Income Statement

Financials in millions CAD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	25.5	25.46	16.79	4.05	3.27	1.57
Revenue Growth (YoY)	2.41%	51.62%	314.82%	23.83%	108.20%	833.16%
Cost of Revenue	12.25	12.15	9.17	2.18	2.57	2.9
Gross Profit	13.25	13.31	7.62	1.87	0.7	-1.33
Selling, General & Admin	15.53	16.24	13.83	10.26	13.18	16.62
Depreciation & Amortization Expenses	0.77	0.85	0.78	0.89	0.89	1.09
Other Operating Expenses	-0.33	-0.55	0.08	2.02	1.9	12.31
Total Operating Expenses	15.97	16.55	14.68	13.17	15.97	30.01
Operating Income	-2.72	-3.24	-7.06	-11.3	-15.28	-31.34
Interest Expense	-0.06	-0.33	-0.61	-1.67	-0.74	-0.26
Other Non-Operating Income (Expense)	0.61	1.4	0.25	-1.53	-0.45	-2.33
Total Non-Operating Income (Expense)	0.55	1.06	-0.36	-3.21	-1.19	-2.6
Pretax Income	-2.17	-2.18	-7.43	-14.51	-16.46	-33.94
Net Income	-1.88	-3.62	-8.74	-14.74	-16.77	-32.86
Net Income to Common	-1.88	-3.62	-8.74	-14.74	-16.77	-32.86
Shares Outstanding (Basic)	113	100	85	59	41	29
Shares Outstanding (Diluted)	113	100	85	59	41	29
Shares Change (YoY)	18.56%	18.09%	43.17%	43.31%	40.45%	43.37%
EPS (Basic)	-0.01	-0.04	-0.08	-0.21	-0.47	-1.18
EPS (Diluted)	-0.01	-0.04	-0.08	-0.21	-0.47	-1.18
Free Cash Flow	-1.79	-2.95	-1.45	-7.49	-12.43	-15.59
Free Cash Flow Per Share	-0.02	-0.03	-0.02	-0.13	-0.30	-0.53
Gross Margin	51.95%	52.26%	45.38%	46.14%	21.33%	-84.93%
Operating Margin	-10.67%	-12.74%	-42.07%	-279.28%	-467.30%	-1996.32%
Profit Margin	-8.59%	-8.57%	-44.24%	-358.49%	-503.60%	-2161.79%
FCF Margin	-7.01%	-11.59%	-8.63%	-184.94%	-380.32%	-992.99%
EBITDA	-1.95	-2.39	-6.29	-10.42	-14.38	-30.26
EBITDA Margin	-7.65%	-9.39%	-37.44%	-257.36%	-439.95%	-1927.09%
EBIT	-2.72	-3.24	-7.06	-11.3	-15.28	-31.34
EBIT Margin	-10.67%	-12.74%	-42.07%	-279.28%	-467.30%	-1996.32%

Updated Sep 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.