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Planet 13 Holdings (TSE:PLTH)
:PLTH
Earnings Data
Report Date
May 20, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.01Last Year’s EPS
-0.04Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 26, 2025
|% Change Since: -6.02%
|Next Earnings Date:May 20, 2025
Earnings Call Sentiment|Neutral
Planet 13 demonstrated strong revenue growth and expansion efforts, particularly in Florida, and improved EBITDA. However, the company faced challenges from pricing pressures, especially in Florida, and experienced a sequential revenue decline. The balance sheet remains strong, but there are ongoing legal and tax uncertainties.Company Guidance
During the Planet 13 Fourth Quarter 2024 Earnings Conference Call, various metrics and guidance were discussed. The company reported Q4 2024 revenue of $30.3 million, down from $32.2 million in Q3 2024, but up from $23 million in Q4 2023. The full-year revenue for 2024 reached $116.4 million, reflecting an 18% increase year-over-year, largely due to the acquisition of VidaCann in Florida. Gross profit in Q4 2024 was $13.1 million, translating to a gross margin of 43.2%, down from 51.9% in the previous quarter, attributed to industry-wide price compression and the sale of lower-quality flower. The company reported breakeven adjusted EBITDA in Q4 2024, compared to $1.3 million in positive EBITDA in Q3 2024, but for the full year, adjusted EBITDA increased 49% to $3.5 million. Planet 13 maintained a strong balance sheet with $23.4 million in unrestricted cash as of December 31, 2024, and used $1.4 million in operating cash flow in Q4 but generated $5.2 million for the full year. The company plans to spend $3 million to $5 million in CapEx over the next 12 months, focusing on manufacturing upgrades in Florida and additional store openings.Revenue Growth
Planet 13 generated $30.3 million in revenue for Q4 2024, up from $23 million a year ago. For the full year, revenue grew 18% year-over-year to $116.4 million.
Expansion into Florida
The company expanded its retail footprint to include Florida, adding 30 new dispensaries in 2024, bringing the total to 34.
Wholesale and Brand Strength
Generated $3.4 million from wholesale, lifestyles, and other revenue in Q4, up from $3.2 million in Q3. Ranked as the fourth highest branded sales in Nevada during the quarter.
Strong Balance Sheet
As of December 31, 2024, the company had an unrestricted cash balance of $23.4 million and paid off $3.3 million in bank debt.
Adjusted EBITDA Improvement
Adjusted EBITDA increased 49% year-over-year to $3.5 million for the full year.
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TSE:PLTH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:PLTH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 26, 2025 | C$0.41 | C$0.41 | -1.20% |
| Nov 08, 2024 | C$0.70 | C$0.58 | -17.14% |
| Aug 08, 2024 | C$0.59 | C$0.66 | +11.86% |
| May 09, 2024 | C$0.91 | C$0.82 | -9.89% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Planet 13 Holdings (TSE:PLTH) report earnings?
Planet 13 Holdings (TSE:PLTH) is schdueled to report earning on May 20, 2025, TBA Not Confirmed.
What is Planet 13 Holdings (TSE:PLTH) earnings time?
Planet 13 Holdings (TSE:PLTH) earnings time is at May 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:PLTH EPS forecast?
TSE:PLTH EPS forecast for the fiscal quarter 2025 (Q1) is -0.01.
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