Your Choice: Invest In LEGR (+9%) OR Bitcoin/Ethereum (-20%), Infrastructure Bill Beneficiaries Index Continues To Outpace The S&P 500, Cannabis Category Performances Last Week Ranged From +5.2% To -2.3%. LiveOne is available on iOS, Android, Roku, Apple TV, Amazon Fire, and through OTT, STIRR, and XUMO. These measures will allow us to utilize our capital and resources to strengthen our balance sheet, buyback stock and focus on the growth of our profitable businesses.. Benzinga does not provide investment advice. Gross Margin $: increased 35.6% to $10.4M as a % on Net Revenue: declined to 23% from 24% ; Sales, General & Admin. ** Included in the total number of members for the reported periods are certain members which are the subject of a contractual dispute. and Non- All of this contributed to Village Farms becoming the number one selling cannabis company in Canada across all product categories in October," continued DeGiglio. He is a frequent contributor to TalkMarkets.com and a large number of other financial sites around the world. : declined 67.6% to $14M; We are pleased with record net revenue and the third consecutive quarter of positive Adjusted EBITDA achieved in Q4 Fiscal 2022. Capital expenditures for Q2 Fiscal 2023 totaled approximately $0.5 million, which were driven by capitalized software costs associated with development of LiveOnes integrated music player and pay-per-view services. The Audio Adjusted EBITDA* of $6.5 million was driven by improved Contribution Margins* along with decreases in operating The repurchase program will be executed consistent with LiveOnes capital allocation strategy, which will continue to prioritize growing LiveOnes business. Please. The authorization to repurchase will expire on December 31, 2023. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. LiveOnes senior management will host a live conference call and audio webcast to provide a business update and discuss its operating and financial results beginning at 5:00 p.m. In Quebec, Rose LifeScience became the number two selling licensed producer in October, less than one year after our majority acquisition, as it launched new products across its brands, including the highly successful Promenade brand in collaboration with Pure Sunfarms. LiveOne We enter Fiscal 2023 well-capitalized and with a proven strategy to continue to generate shareholder value.. Copyright 2022 TalkMarkets.com. Organigram Holdings Inc.(Nasdaq:OGI) (TSX: OGI), a licensed producer of cannabis and a constituent in the Canadian Cannabis LP Index, announced its results for Q4 of FY2022 ended August 31st, 2022, today as follows: (All results are presented in Canadian dollars and compared to the previous quarter. Village Farms International, Inc. VFF VFF released its financial results for the third quarter ended September 30, 2022. revealing consolidated sales were $71.1 million, a 2% decrease compared to $72.4 million in Q3 2021. WebThe cyclically adjusted price-to-earnings ratio, commonly known as CAPE, Shiller P/E, or P/E 10 ratio, is a valuation measure usually applied to the US S&P 500 equity market. Consolidated Statements of Operations (Unaudited), (In thousands, except share and per share amounts), Weighted average common shares basic and diluted, Liabilities and Stockholders Equity (Deficit), Unsecured convertible notes, net related party, Senior secured revolving line of credit, net, Preferred stock, $0.001 par value; 10,000,000 shares authorized; no shares issued or outstanding, Common stock, $0.001 par value; 500,000,000 shares authorized; 87,559,322 and 82,546,189 shares issued and outstanding, respectively, Total Liabilities and Stockholders Equity (Deficit), Reconciliation of Non-GAAP Measure to GAAP Measure, Adjusted EBITDA* Reconciliation (Unaudited), Other Non- continued investment in automation at all three sites, which will drive cost efficiencies and reduce dependence on manual labor. increased throughput at the Winnipeg facility. In August, the company said it expected to deliver a high-single-digit increase. As a result of the continuance, the company is now governed by the OBCA. Editor of munKNEE.com (Your Key to Making Money!). Gross profit of CA$880,000 and a 51% gross profit margin compared to CA$710,000 and a 33% gross profit margin from continued operations in same period last year. We use Contribution Margin (Loss) and Adjusted EBITDA to evaluate the performance of our operating segment. Headquartered in Los Angeles, California, LiveOne, Inc. (NASDAQ: LVO) (the Company) is an award-winning, creator-first, music, entertainment and technology platform focused on delivering premium experiences and content worldwide through memberships and live and virtual events. As previously announced in January 2021, with the assistance of J.P. Morgan, LiveOne is continuing a process to explore strategic alternatives to enhance shareholder value. Consolidated net loss was $8.7 million, or ($0.10) per share compared with net income of $745,000, or $0.01 per share in Q3 2021. full-year margin contribution from the Laurentian acquisition. We believe that information about these non-GAAP financial measures assists investors by allowing them to evaluate changes in the operating results of our business separate from non-operational factors that affect operating income (loss) and net income (loss), thus providing insights into both operations and the other factors that affect reported results. Contribution Margin (Loss) is defined as Revenue less Cost of Sales. There can be no assurance that LiveOnes efforts will result in a specific transaction or any particular outcome or its timing. Consolidated adjusted EBITDA was negative $2.2 million compared with positive adjusted EBITDA of $6.9 million in Q3 2021. The webcast can also be accessed at: https://events.q4inc.com/attendee/614063880. See the definitions of Contribution Margin and Adjusted EBITDA under About Non-GAAP Financial Measures within this release. ET / 2:00 p.m. PT on Thursday, November 10, 2022. Gohereto convert into other currencies.). Analyst Examines The Situation, Want Exposure To The Canadian Recreational Cannabis Market? Get your daily dose of cannabis news on Benzinga Cannabis. Infrastructure Bill Beneficiaries Index Continues To Outpace The S&P 500 Learn More. This is proof point that we are well on our way to building Schwazze into a unique regional powerhouse. Im 68, my husband is terminally ill, and his $3 million estate will go to his son. Adjusted EBITDA* was $10 million, or 31% of revenue, compared to $19 million, or 45% of revenue, in Q2 2022. Market sectors that typically do well at the end of bear markets are lagging. These are included in the statement of operations in other income (expense) and are an add back to net loss above in the reconciliation of Adjusted EBITDA* to loss. Meet the biggest cannabis industry players and make deals that will push the industry forward. a new multi-year agreement with Canndoc in Israel that contemplates shipping up to 20,000 kilograms of dried flower, and the anticipated continuation of shipments to Cannatrek and Medcan in Australia. Total comprehensive income was $423,533 compared to $860,234 in Q3 2021. Derrick West, Chief Financial Officer, said: Organigram's stock price declined 11.2% during Q4 and has declined 2.9% since then and is now DOWN 42,9% YTD. To supplement our consolidated financial statements, which are prepared and presented in accordance with the accounting principles generally accepted in the United States of America (GAAP), we present Contribution Margin (Loss) and Adjusted Earnings Before Interest Tax Depreciation and Amortization (Adjusted EBITDA), which are non-GAAP financial measures, as measures of our performance. As LiveOne has strategically opted to delay any new live tentpole or pay-per-view events until its fiscal year ending March 31, 2024 (Fiscal 2024) and utilize its capital and resources to strengthen its balance sheet, buyback stock and focus on the growth of its profitable businesses, the company is updating its guidance for Fiscal 2023 consolidated revenue of between $100 million $110 million and Fiscal 2023 Adjusted EBITDA* guidance to between $9 million $11.5 million. For more information on these non-GAAP financial measures, please see the tables entitled Reconciliation of Non-GAAP Measure to GAAP Measure included at the end of this release. The acronym EBITDA stands for earnings before interest, taxes, depreciation, and amortization. Price check:Schwazze shares weretrading down1.41%at $1.22 per share during the PreMarket at the time of this writing Thursday morning. the world to identify trading and investing opportunities, strengthen advisor-client With respect to projected full year 2023 Adjusted EBITDA, a quantitative reconciliation is not available without unreasonable efforts due to the high variability, complexity and low visibility with respect to purchase accounting adjustments, acquisition-related charges and legal settlement reserves excluded from Adjusted EBITDA. Adjusted EBITDA is defined as earnings before interest, other (income) expense, income tax expense, depreciation and amortization and before (a) non-cash GAAP purchase accounting adjustments for certain deferred revenue and costs, (b) legal, accounting and other professional fees directly attributable to acquisition activity, (c) employee severance payments and third party professional fees directly attributable to acquisition or corporate realignment activities, (d) certain non-recurring expenses associated with legal settlements or reserves for legal settlements in the period that pertain to historical matters that existed at acquired companies prior to their purchase date and a one-time minimum guarantee to effectively terminate a live events distribution agreement post COVID-19, (e) depreciation and amortization (including goodwill impairment, if any), and (f) certain stock-based compensation expense. Adj. Adjusted EBITDA was $3.3 million compared to $3.5 million in Q3 2021. taxes. DIAL IN NUMBER (Local): 646-904-5544 LiveOne Reports Record First Six Months Fiscal 2023 Adjusted EBITDA* of $6.4 Fiscal 2023 and 2022 Results Summary (in $000s, except per share; unaudited), https://events.q4inc.com/attendee/614063880, Graphite Bio Presents Preclinical Data for Novel Sequencing Method Used to Determine Gene Editing Outcomes at 64th ASH Annual Meeting, Entera Strengthens Leadership Team With The Hire of Mark Bell as Senior Vice President of Marketing, Pre-Registration Opens for Chiplet Summit. Adjusted EBITDA, a non-GAAP term, totaled a loss of $3.8 million in the third quarter of 2022, as compared to a loss of $2.7 million in the third quarter of 2021. Gross margin before fair value adjustments was 60% compared to 44% in Q3 2021. which provides edited excerpts of the internets most informative articles for the sake of brevity and clarity to ensure a Lorimer Wilson is the editor of www.munKNEE.com (Your Key to Making Money!) How we got to the highest inflation in 40 years. Canadian cannabis business achieved 16th consecutive quarter of positive adjusted EBITDA. Copyright 2022 MarketWatch, Inc. All rights reserved. Merchandise markdowns and higher expenses for fright and logistics caused a 220 basis point decline in the gross margin to 44.3%. FY 2022 revenue is projected to be $155 million to $165 million, and the FY 2022 adjusted EBITDA is projected to be from $51 million to $56 million. WebGet Intel Corp (INTC:NASDAQ) real-time stock quotes, news, price and financial information from CNBC. Adjusted EBITDA was $3.3 million compared to $3.5 million in Q3 2021. Adjusted EBITDA 1 of $18.8 million for the three-month period. The Company intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. WebGross Profit Margin can be calculated by using Gross Profit Margin Formula as follows Gross Profit Margin Formula = (Net Sales-Cost of Raw Materials ) / (Net Sales) Gross Profit Margin= ($ 1,00,000-$ 35,000 ) / ( $ 1,00,000) Gross Profit Margin = 65 %; Mrs. ABC is currently achieving a 65 percent gross profit in her furniture business. Q2 Fiscal 2023 Operating Loss was ($1.0) million compared to a ($9.7) million loss in Q1 Fiscal 2022. WebLatest News. Dont miss out on any important developments in the industry. Cashflow from Operations: UP to $1.5M from $(16.1)M. I want to spend the rest of my days traveling will I have enough money? This year Schwazze has opened two new dispensaries in New Mexico. Nine-month adjusted earnings before interest, taxes, depreciation and amortization rose 6% to EUR1.10 billion, from 1.04 billion a year prior. How did you like this article? Potential alternatives may include, among others, a strategic acquisition, divestiture, merger, sale or other form of business combination. ACCESS CODE: 194246 WHEN: Thursday, November 10th Meet the biggest cannabis industry players and make deals that will push the industry forward. Gaslighters have two signature moves: Are you being gaslighted at work? Canadian cannabis retail branded sales increased 46% year-over-year and 26% sequentially. more. All rights reserved. Paid members as of November 9, 2022 increased to 1.8 million, a net increase of approximately 209,000 as compared to June 30, 2022. "All our businesses delivered good organic growth during the third quarter. LiveOne ended the Q2 Fiscal 2023 with $7.4 million in cash and $25.4 million in short-term assets. ir@liveone.com, Press Contact: Companys Audio Division Delivers First Six Months Revenue of $42 Million and Adjusted EBITDA* of $9.8 Million, Company Updates Guidance for Fiscal 2023 of Revenue Between $100 Million $110 Million and Adjusted EBITDA* of Between $9 Million $11.5 Million, $2 Million of Additional Cost and Expense Reductions Bringing Total to Over $25 Million in Fiscal 2023, Expects to File S-1 for PodcastOne Spin-Out by December 15, 2022, Company Increases Stock Repurchase Program By Up to an Additional $2 Million Worth of Shares of Common Stock, LiveOnes Senior Management Will Host a Live Conference Call and Audio Webcast Beginning at 5:00 P.M. Nine-month adjusted earnings before interest, taxes, depreciation and amortization rose 6% to EUR1.10 billion, from 1.04 billion a year prior. All rights reserved. Featuring live company presentations, insider panels, and unmatched access to networking, the Benzinga Cannabis Capital Conference is where cannabis executives and entrepreneurs meet. Lets say you have actual and predicted dependent variable values with you ( Y and Y^): All statements other than statements of historical facts contained in this press release are forward-looking statements, which may often, but not always, be identified by the use of such words as may, might, will, will likely result, would, should, estimate, plan, project, forecast, intend, expect, anticipate, believe, seek, continue, target or the negative of such terms or other similar expressions. We launched the first SKUs in our new brand targeting the value segment of the market, The Original Fraser Valley Weed Co., which has already contributed to expanding our number one dried flower market share positions in BC and Alberta. LiveOnes CEO and Chairman, Robert Ellin, commented, The momentum in LiveOnes audio business, which includes Slacker Radio and PodcastOne, continues to experience growth of paid members through partnerships, including Tesla, as well as an increase in advertising and sponsorships. I sold my late mothers home for $250,000. In addition, our consistent focus on driving efficiencies led to a reduction in core cash operating expenses compared to Q2 and contributed to adjusted EBITDA margins of 43%. VisitmunKNEE.comand register to receive our free Market Intelligence Report newsletter (samplehere). In 1H Fiscal 2023, LiveOne extinguished approximately $16 million of payables. WebAdjusted R Squared = 1 ((1 10.61%) * (20 1)/(20 1 1)) Adjusted R Squared = 5.65%; Adjusted R Squared Formula Example #2. Add back amortization of developed technology: See the definition of Contribution Margin under About Non-GAAP Financial Measures within this release. Since December 2021, Schwazze has closed acquisitions adding 15 cannabis dispensaries, 10 in New Mexico and five in Colorado as well as four cultivation facilities in New Mexico and one in Colorado and one manufacturing asset in New Mexico. All rights reserved. A limitation of the use of Adjusted EBITDA as a performance measure is that it does not reflect the periodic costs of certain amortizing assets used in generating revenue in our business. The adjusted Ebitda margin for the nine months was 17.5%. This is a reflection of our disciplined approach, the The presentation of these non-GAAP financial measures is not intended to be considered in isolation from, or as a substitute for, or superior to, operating loss and or net income (loss) or any other performance measures derived in accordance with GAAP or as an alternative to net cash provided by operating activities or any other measures of our cash flows or liquidity. On November 9, 2022, the company completed its continuance from the Canada Business Corporations Act into the Province of Ontario under the Business Corporations Act (Ontario). Cultivation Facility In Eloy, Arizona For $4.3M. enhanced growing and harvesting methodologies, and design and environmental improvements, which have resulted in higher-quality flower and improved yields. We are pleased with record net revenue and the third consecutive quarter of positive Adjusted EBITDA achieved in Q4 Fiscal 2022. The adjusted Ebitda margin for the nine months was 17.5%. This lower-than-expected revenue in Q4 is due to lower-than-expected wholesale sales, and construction delays in new store openings in New Mexico," per the release. We expect to be slightly below the projected revenues which were a fourth-quarter annualized run-rate of $175 million to $200 million. WebThe latest Lifestyle | Daily Life news, tips, opinion and advice from The Sydney Morning Herald covering life and relationships, beauty, fashion, health & wellbeing which provides edited excerpts of the internets most informative articles for the sake of brevity and clarity to ensure a fast and easy read. LiveOne posted a net loss of $2.1 million on a consolidated basis, or $(0.02) per diluted share for the same period. These Are The 3 Best Picks, According To A Cantor Analyst. The Company is providing guidance for the fiscal year. LiveOne is currently not recognizing revenue related to these members. income These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including: the Companys reliance on one key customer for a substantial percentage of its revenue; the Companys ability to consummate any proposed financing, acquisition, spin-out, special dividend, distribution or transaction, including the proposed special dividend and spin-out of PodcastOne or its pay-per-view business, the timing of the consummation of such proposed event, including the risks that a condition to consummation of such event would not be satisfied within the expected timeframe or at all, or that the consummation of any proposed financing, acquisition, spin-out, special dividend, distribution or transaction will not occur or whether any such event will enhance shareholder value; PodcastOnes ability to list on a national exchange; the Companys ability to continue as a going concern; the Companys ability to attract, maintain and increase the number of its users and paid members; the Company identifying, acquiring, securing and developing content; the Companys intent to repurchase shares of its common stock from time to time under its announced stock repurchase program and the timing, price, and quantity of repurchases, if any, under the program; the Companys ability to maintain compliance with certain financial and other covenants; the Company successfully implementing its growth strategy, including relating to its technology platforms and applications; managements relationships with industry stakeholders; the effects of the global Covid-19 pandemic; uncertain and unfavorable outcomes in legal proceedings; changes in economic conditions; competition; risks and uncertainties applicable to the businesses of the Companys subsidiaries; and other risks, uncertainties and factors including, but not limited to, those described in the Companys Annual Report on Form 10-K for the fiscal year ended March 31, 2022, filed with the U.S. Securities and Exchange Commission (the SEC) on June 29, 2022, Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2022, filed with the SEC on August 15, 2022, and in the Companys other filings and submissions with the SEC. We've worked hard to continue to grow our market share, increase our profitability rate and generate free cash flow from operations, after paying taxes and CAPEX, placing us in an exclusive club within the cannabis sector, said Justin Dye, chairman andCEO of Schwazze. Adjusted EBITDA of $67.2M compared to $66.5M for the third quarter of 2021; Adjusted EBITDA Margin of 20.2% compared to 23.3% for the third quarter of 2021. It is defined as price divided by the average of ten years of earnings (moving average), adjusted for inflation.As such, it is principally used to assess likely future returns from equities over Adjusted EBITDA is not calculated or presented in accordance with GAAP. increased economies of scale and efficiencies as a result of moving from an annual capacity of 45,000 to 85,000 kilograms of dry flower at the Moncton facility. Featuring live company presentations, insider panels, and unmatched access to networking, the Benzinga Cannabis Capital Conference is where cannabis executives and entrepreneurs meet. WebGet the latest news and analysis in the stock market today, including national and world stock market news, business news, financial news and more Adjusted EBITDA Margin: UP to 16.9% from 8.9%. Adjusted EBITDA margin was 7.2%, an increase of 270 basis points from the prior year. Pure Sunfarms, which remains the best-selling dried flower-brand nationwide, grew market share with consumer-preferred innovations.. Adjusted Gross Margin for the third quarter was 40.7% compared to 45.7% in the third quarter of 2021. All rights reserved. If you have an ad-blocker enabled you may be blocked from proceeding. Adjusted EBITDA of $67.2M compared to $66.5M for the third quarter of 2021; Adjusted EBITDA Margin of 20.2% compared to 23.3% for the third. Photo: Benzinga; Sources: courtesy of Kindel Media via Pexels, Cannabis Company Vext Science Secures $22.2M Credit Facility, Vext Science Taps Mark W. Opzoomer To Serve On Board Of Directors, Vext Science Cannabis Co. Buys 72,000 Sq.Ft. Inventory levels were up 44% to $9.7 billion. We expect our audio business to collectively achieve revenue in excess of $80 million in Fiscal 2023 and generate more than $16 million in Adjusted EBITDA., Mr. Ellin continued, Over the past year, we have successfully reduced costs and overhead by an expected $25 million on an annual basis while focusing on the operating performance of our audio division. relationships and build investor experiences. The Audio Adjusted EBITDA* of $6.5 million was driven by improved Contribution Margins* along with decreases in operating expenses. Completion of Continuance into the Province of Ontario. TMG's Adjusted EBITDA for the three months ended September 30, 2022 was approximately $10.1 million, which was primarily driven by the increase in revenues due to the Converge acquisition. We continue to counter rising energy and raw material prices, which accelerated especially in Europe, albeit with a time lag. Market demand remained resilient across our three businesses in a challenging macro-economic environment," Co-Chief Executives Geraldine Matchett and Dimitri de Vreeze said. I believe our distinctive operating capabilities, applied to attractive growth opportunities within our sector, will reward our shareholders with attractive risk-adjusted returns. Your Choice: Invest In LEGR (+9%) OR Bitcoin/Ethereum (-20%) Royal DSM NV said Tuesday that sales for the first nine months of 2022 rose, but it cut its guidance for full-year adjusted Ebitda. The Companys wholly-owned subsidiaries include Slacker Radio, React Presents, Gramophone Media, Palm Beach Records, Custom Personalization Solutions, LiveXLive, PPVOne and PodcastOne, which generates more than 2.48 billion downloads per year and 300+ episodes distributed per week across its stable of top-rated podcasts. Single-cell RNA sequencing of reticulocytes will be used to measure gene correction outcomes in sickle cell patients treated with NEW YORK & HOUSTON--(BUSINESS WIRE)--#lifeatentera--Entera, the leading SaaS platform for single-family real estate investors, announced today the appointment of Chiplets Shorten Chip Design Cycles WebGet Boeing Co (BA:NYSE) real-time stock quotes, news, price and financial information from CNBC. expects significant growth in Adjusted EBITDA. Gross Margin of $26.0 million, 60.1% of revenue, compared to $15.1 million and 47.3% of revenue in Q3 2021. Despite a challenging economic backdrop, we outperformed our markets in Colorado by 12%. Contribution Margin* Reconciliation (Unaudited). EBITDA margin is a measurement of a company's operating profitability as a percentage of its total revenue. Q2 Fiscal 2023 Adjusted EBITDA* was comprised of Audio Adjusted EBITDA* of $6.5 million, Other Operations Adjusted EBITDA* of ($0.8) million loss and Corporate Adjusted EBITDA* of a ($1.3) million loss. The company generated $4 million in cash from operations in the third quarter and expects to generate positive cash flow before acquisitions for the year. Visit a quote page and your recently viewed tickers will be displayed here. "Our growth in retail branded sales continues to be driven by multiple factors. Please disable your ad-blocker and refresh. Is this happening to you frequently? Should I use all my inheritance for a down payment? If those margins were, say, 10%, it would indicate that the startups had profitability as well as cash flow problems. 2022 Benzinga.com. Leave a comment to automatically be entered into. Provision For Other Non-Operating and Non-Recurring Costs include outside legal, accounting and other professional fees directly attributable to acquisition activity in the period, in addition to certain non-recurring expenses associated with legal settlements or reserves for legal settlements in the period that pertain to historical matters that existed at certain acquired companies prior to their purchase date and non-recurring employee severance payments and to a lesser extent, a one-time minimum guarantee to effectively terminate a live-event distribution agreement post COVID-19. Cannabis Category Performances Last Week Ranged From +5.2% To -2.3%, VisitmunKNEE.comand register to receive our free Market Intelligence Report newsletter (sample WebGet Boeing Co (BA:NYSE) real-time stock quotes, news, price and financial information from CNBC. Vext Science, Inc. VEXTF VEXT revenue in the Q3 2022 was $7.7 million, a decrease of 18% compared to $9.4 million in Q3 2021, and a decrease of 12% compared to 8.8 million in Q2 2022. DIAL-IN (Toll Free): 844-200-6205 Costs (1), (Benefit From) expects to have positive cash flows from operating activities during Fiscal 2023 and positive free cash flows during calendar 2023. LOS ANGELES(BUSINESS WIRE)LiveOne (Nasdaq: LVO), an award-winning, creator-first, music, entertainment, and technology platform, announced today Its operating results for the second quarter (Q2 Fiscal 2023) and first six months ended September 30, 2022. Adjusted EBITDA grew by 26.7 million from 21.7 million (15.4% of revenue) in Q3 2021 to 48.4 million (21.1% of revenue) in Q3 2022. Q2 Fiscal 2023 Adjusted EBITDA* was comprised of Audio Adjusted EBITDA* of $6.5 million, Other Operations Adjusted EBITDA* of ($0.8) million loss and Corporate Adjusted EBITDA* of a ($1.3) million loss. Sales in the third quarter increased 20% to EUR2.18 billion from a year earlier. "The strong performance in our Canadian cannabis business in the third quarter reflects the successful execution of our growth strategy and investments as we achieved another sales record, outstanding growth in retail sales, and our 16th consecutive quarter of positive adjusted EBITDA," stated Michael DeGiglio, CEO, Village Farms. The potential of favorable regulatory reform in the near-term would obviously accelerate and amplify those returns.". Get your daily dose of cannabis news on Benzinga Cannabis. Lorimer Wilson is the editor of www.munKNEE.com (Your Key to Making Money!) We expect that the variability of these items to have a potentially unpredictable, and potentially significant, impact on our future GAAP financial results. Get all the latest India news, ipo, bse, business news, commodity only on Moneycontrol. Generated revenue of $29.6 million, with a gross mining margin [1] of $15.9 million. Recurring LiveOne IR Contact:310.601.2505 The audio division had record revenue of $21.1 million in Q2 Fiscal 2023 compared to $18.7 million in the same period in the prior year. For more information, visit www.liveone.com and follow us on Facebook, Instagram, TikTok, and Twitter at @liveone. Medicine Man Technologies Inc. operating as Schwazze, SHWZ SHWZ announced its financial results onWednesdayfor the third quarter that ended September 30, 2022. Gross margin before fair value adjustments was 60% compared to 44% in Q3 2021. The $8.7 million decrease in Operating Loss was largely a result of improved Contribution Margins* along with reduced operating expenses. Dont miss out on any important developments in the industry. Microsoft pleaded for its deal on the day of the Phase 2 decision last month, but now the gloves are well and truly off. Gross margin was $8.4 million compared to $17.7 million in Q3 2021. As part of LiveOnes focus on generating cash from operations on a consolidated basis, LiveOne is implementing additional cost and expense reductions from both operations and corporate overhead, which is anticipated to increase the previously implemented annual cost savings to a total of over $25 million in its fiscal year ending March 31, 2023 (Fiscal 2023). LiveOnes Adjusted EBITDA* in 1H Fiscal 2023 was a record $6.4 million. Other (income) expense above primarily includes interest expense, net, forgiveness of PPP loans, and loss on extinguishment of debt. SAN DIEGO--(BUSINESS WIRE)--Chiplet Summit opens pre-registration today for its first annual event. A significant part of our strategy is a decision to forgo any live tentpole and pay-per-view events until Fiscal 2024, which has resulted in a lowering of expected Fiscal 2023 revenue to between $100 million and $110 million. For Q2 Fiscal 2023, LiveOne posted revenue of $23.5 million versus $21.9 million in the same period in the prior year. The continuance was approved by the company's shareholders at the company's annual and special meeting of shareholders held on May 24, 2022. DSM lowered its full-year outlook, now expecting adjusted Ebitda to increase by low single digits. WebA company's earnings before interest, taxes, depreciation, and amortization (commonly abbreviated EBITDA, pronounced / i b t d /, / b t d /, or / b t d /) is a measure of a company's profitability of the operating business only, thus before any effects of indebtedness, state-mandated payments, and costs required to maintain its asset base. Thoughtworks expects the following for the, Thoughtworks now expects the following for the. As of November 9, 2022, the Company has accrued a paid and free ad-supported membership base of 2.6 million**, streamed over 2,900 artists, has a library of 30 million songs, 600 curated radio stations, over 300 podcasts/vodcasts, hundreds of pay-per-views, personalized merchandise, released music-related NFTs, and created a valuable connection between fans, brands, and bands. The Dutch nutrition-and-materials group said nine-month sales rose 18% to 6.30 billion euros ($6.23 billion) from EUR5.34 billion a year earlier. Featuring live company presentations, insider panels, and unmatched access to networking, the Benzinga Cannabis Capital Conference is where cannabis executives and entrepreneurs meet. greater capacity to meet demand at the Moncton Campus. Management does not consider these costs to be indicative of our core operating results. Operating A good EBITDA margin varies by industry, but a 60% margin in most industries would be a good sign. Gross margin was $8.4 million compared to $17.7 million in Q3 2021. Takeaways Let us know so we can better customize your reading experience. Since April 1, 2022, LiveOne has repurchased 2,000,000 shares under the program. TMG's Adjusted EBITDA for the three months ended September 30, 2022 was approximately $10.1 million, which was primarily driven by the increase in revenues due to the Converge acquisition. The tables below present financial results for the three and six months ended September 30, 2022 and 2021. Eric Offenberger, CEO of Vext stated, "During Q3, Vext continued to execute in an environment where pressure on consumer discretionary income continues to grow. Upcoming event Q4 2022 United Parcel Service, Inc. Earnings Conference Call Jan 31, 2023 8:30 am ET 9:30 am ET Dow Jones Newswires is a market-moving financial and business news source, This is a reflection of our disciplined approach, the execution by our team and our success at integrating acquisitions. Microsoft pleaded for its deal on the day of the Phase 2 decision last month, but now the gloves are well and truly off. *Gross margin of $3.47 million for the quarter and $13 million year-to-date. These forward-looking statements speak only as of the date hereof, and the Company disclaims any obligations to update these statements, except as may be required by law. TIME: 5:00 PM ET / 2:00 PM PT I want to buy a house. "We are on target to deliver the lower end of the range for adjusted EBITDA which was a fourth-quarter annualized run-rate of $60-72 million dollars. Benzinga does not provide investment advice. ET Thursday, November 10, 2022. "I am proud of the entire Schwazze team, and I would like to thank them for their hard work this past quarter and year. WebFor the startup example above, both would have a 60% EBITDA margin ($300,000 / $500,000). Join us April 11-12, 2023 at Fontainebleau Miami Beach in sunny Florida. Gross profit was $4.9 million compared to $4.1 million in Q3 2021. expansion of the Lac-Suprieur facility which is expected to increase capacity for annual hash production from 1 million to over 2 million units. Is it time to get rid of him. With inflation in Phoenix topping 13% in September, we maintained an emphasis on value, rapid innovation, targeted promotions, and mix to generate 60% adjusted gross margins in the quarter. A $331 non-cash impairment charge was recorded against goodwill and intangibles for the Company's Michigan business. It will occur New Business Media Srl -Via Eritrea 21, 20157 Milano - Codice fiscale, Partita IVA e Iscrizione al Registro delle imprese di Milano: 08449540965. Q2 Fiscal 2023 and 2022 Results Summary (in $000s, except per share; unaudited), Net income (loss) per share basic and diluted, Q2 Fiscal 2023 Results Summary Discussion. expanded product line in multiple segments. Furthermore, this measure may vary among other companies; thus, Adjusted EBITDA as presented herein may not be comparable to similarly titled measures of other companies. Accordingly, Adjusted EBITDA should be considered in addition to, and not as a substitute for operating income (loss), net income (loss), and other measures of financial performance reported in accordance with GAAP. Join us April 11-12, 2023 at Fontainebleau Miami Beach in sunny Florida. The impact of inflation on discretionary spending will persist for the foreseeable future, however, we expect that Vext's proven strategy of meeting the customer's needs, complemented by the company's financial flexibility, cash flow, and a growing presence in two limited license states position Vext well for revenue and profitability growth.". I have $600,000 invested, but my financial adviser has only made one trade this year, and left $7,500 in cash in my Roth IRA. Join us April 11-12, 2023 at Fontainebleau Miami Beach in sunny Florida. The expanded repurchase program is planned to be implemented subject to LiveOne obtaining applicable approvals and consents. REPLAY NUMBER: 866-813-9403 / ACCESS CODE: 741873, WEBCAST Both the live webcast and a replay can be accessed on the Investor Relations section of LiveOnes website at Events | LiveOne. Heres how to recognize the signs. contributions from the Lac-Suprieur facility. I make $80,000 and have $220,000 in student debt. revitalization of the Edison brand, including product innovation, packaging and post harvest processing, increased investment in building brand equity within the premium segment, geared toward securing higher margins and, additional innovative product launches to support other key brands, SHRED, Monjour, Holy Mountain and Tremblant, to create new potential avenues for growth, and. Net Income (Loss): UP to $(311)M from $14.2M income. Q2 Fiscal 2023 Adjusted EBITDA* was $4.4 million, as compared to Q2 Fiscal 2022 Adjusted EBITDA* of a ($2.1) million loss. If the bulls really were in control, these stock market sectors would be leaders right now, The more damage you do now, the more jail time: Binances Zhao warned FTX founder Sam Bankman-Fried in crypto group chat: report, Value stocks keep leading the market, and these are the 16 best picks from top investment newsletters. used by wealth managers, institutional investors and fintech platforms around The increase was largely due to increased membership revenue from continued paid membership growth. Lets use another method to calculate the r square and then adjusted r squared. Adjusted EBITDA is a non-GAAP financial measure and is not intended to replace or be an alternative to earnings before income taxes, the most directly comparable GAAP financial measure. What's Going On With Recreational Cannabis Sales In Canada? Write to Kyle Morris at kyle.morris@dowjones.com. In the first six months ended September 30, 2022 (1H Fiscal 2023), LiveOne posted consolidated revenue of $46.8 million, as well as Contribution Margin* of $9.8 million. Total members (paid and free ad-supported) as of November 9, 2022 were 2.6 million.**. Meet the biggest cannabis industry players and make deals that will push the industry forward. Consolidated adjusted EBITDA was negative $2.2 million compared with positive adjusted EBITDA of $6.9 million in Q3 2021. This brings our total dispensary count to 35 between Colorado and New Mexico, stated the firm in a press release. aileen@liveone.com917.842.9653, Se questo articolo ti piaciuto e vuoi rimanere sempre informato sulle novit tecnologiche. 2022 Benzinga.com. 2022 Benzinga.com. The Company was awarded Best Live Moment by Digiday for its Social Gloves PPV Event, and has been a finalist for 8 more awards, including Best Live Event, Best Virtual Event, Best Overall Social Media Excellence, and Best Original Programming from Cynopsis and Digiday. Benzinga does not provide investment advice. The timing, price and actual number of shares planned to be repurchased under LiveOnes expanded stock repurchase program will be at the discretion of its management and will depend on a variety of factors, including stock price, general business and market conditions, and alternative investment opportunities. Separately, LiveOne announced today that its board of directors has authorized it to expand its previously announced stock repurchase program by up to an additional $2,000,000 worth of shares of its common stock to be repurchased from time to time.

Protein Powder Vs Greek Yogurt In Smoothie, Motion Vector Calculation In Matlab, Silent Castle Mod Apk Mod Menu, Sloe Recipes River Cottage, Who Was The First Black Graduate Of Ut Austin, Rbs Normal Range In Mmol/l,