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Ayr Wellness Inc. (AYRWF)
:AYRWF
Earnings Data
Report Date
Mar 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.28Last Year’s EPS
-0.34Same Quarter Last Year
Moderate Buy
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2024
|% Change Since: -53.49%
|Next Earnings Date:Mar 06, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture, with significant achievements such as the launch of adult use sales in Ohio and new facilities in Florida, but also challenges like revenue declines and price compression in key markets. The management is optimistic about future growth but acknowledges the competitive pressures.Company Guidance
During Ayr Wellness's third-quarter 2024 earnings call, Interim-CEO Steven Cohen provided guidance on the company's strategic direction and financial outlook. Cohen highlighted the company's commitment to achieving sustained growth and profitability through improved execution and leveraging its presence in key markets. Despite a 2.5% sequential decline in revenues to $114.3 million and flat year-over-year performance, Ayr increased its adjusted EBITDA margin by 100 basis points to 22.9%. The company anticipates maintaining similar revenue and adjusted EBITDA levels in the fourth quarter, attributing challenges to macroeconomic pressures and increased competition, particularly in New Jersey and Pennsylvania. Ayr is focused on expanding its cultivation capacity in Florida with a new 100,000 square foot facility, expected to contribute in 2025, and scaling its operations in Ohio and Virginia. Ayr also plans to maintain positive cash flow from operations for the full year 2024, with year-to-date CapEx at $16.5 million and a target of reducing CapEx by 25% to 50% in 2025.Ohio Adult Use Sales Launch
Ayr was among the first operators to launch adult use sales in Ohio in August, resulting in retail and wholesale revenues in the state during the third quarter.
New Facility in Florida
Ayr is bringing online a 100,000 square feet indoor cultivation facility in Ocala, Florida, aimed at doubling flower production capacity and improving market share.
Positive Cash Flow
Ayr maintained positive cash flow from operations for the full year 2024, with $50.6 million in cash balance at the end of Q3.
Operational Enhancements
Ayr expects to achieve 25% EBITDA margins over time through operational enhancements and product development.
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AYRWF 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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AYRWF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $0.86 | $0.86 | 0.00% |
| Aug 07, 2024 | $2.00 | $1.61 | -19.50% |
| May 15, 2024 | $2.55 | $2.64 | +3.53% |
| Mar 13, 2024 | $1.66 | $1.79 | +7.83% |
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 Ayr Wellness Inc. (AYRWF) report earnings?
Ayr Wellness Inc. (AYRWF) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is Ayr Wellness Inc. (AYRWF) earnings time?
Ayr Wellness Inc. (AYRWF) earnings time is at Mar 06, 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 AYRWF EPS forecast?
AYRWF EPS forecast for the fiscal quarter 2024 (Q4) is -0.28.
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