Auxly Cannabis Q2 net income surges 315% to C$8.3 mln
Overview
Auxly Q2 net revenue rises 33% yr/yr to C$38.8 mln
Adjusted EBITDA for Q2 jumps 123% yr/yr to C$11.6 mln
Net income for Q2 surges 315% yr/yr to C$8.3 mln
Outlook
Auxly expects continued revenue growth in H2 2025
Company plans $1.5 mln to $2.5 mln for capital projects in 2025
Auxly evaluating export opportunities for international markets
Company anticipates Canadian market growth from increasing social acceptability
Result Drivers
INCREASED DEMAND - Auxly attributes 33% revenue growth to increased demand and expanded distribution, per CEO Hugo Alves
PRODUCTION EFFICIENCIES - Gross margin improved to 52% due to production efficiencies
BRAND TRUST - Strong consumer trust in Auxly's brands contributed to maintaining and increasing market share
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| C$38.80 mln |
|
Q2 Net Income |
| C$8.30 mln |
|
Q2 Adjusted EBITDA |
| C$11.60 mln |
|
Q2 Gross Profit |
| C$22.69 bln |
|
Press Release: ID:nCNWTmd8Ga
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