Vext Science ( (VEXTF) ) has released its Q3 earnings. Here is a breakdown of the information Vext Science presented to its investors.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Vext Science, Inc. is a U.S.-based cannabis operator with vertical operations in Arizona and Ohio, specializing in cultivation, manufacturing, and retail of cannabis products, known for its Vapen brand. The company recently announced its financial results for Q3 2024, reporting a revenue of $9.0 million and an adjusted EBITDA of $2.9 million, reflecting strong performance in Ohio and Arizona markets despite macroeconomic challenges. Key highlights of the report include a 14.2% increase in consolidated retail sales driven by adult-use sales in Ohio and market share gains in Arizona, alongside disciplined cost control leading to a notable adjusted EBITDA margin of 32%. The company aims to continue expanding its operations in Ohio with plans to reach the state dispensary license cap, positioning itself for further growth and profitability in 2025. Looking ahead, Vext remains focused on optimizing its integrated operations to drive sustained revenue and shareholder value, leveraging its strategic initiatives in core markets.
