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Curaleaf Holdings (OTC) (CURLF)
:CURLF
Holding CURLF?
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Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.07Last Year’s EPS
-0.08Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 20, 2019
|% Change Since: -30.73%
|Next Earnings Date:Nov 26, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted significant growth in the international segment and improved gross margins, along with strong cash flow generation and a new credit facility. However, these positives were offset by a decline in overall revenue, net losses, pricing pressures in key markets, and challenges in Florida. The sentiment remains cautious as the company navigates market headwinds and strategic shifts.Company Guidance
In the third quarter of 2024, Curaleaf Holdings reported revenue of $331 million, a slight decrease of 1% from the previous year, while achieving an adjusted gross margin of 49%, up 310 basis points year-over-year. Adjusted EBITDA also saw improvement, reaching a margin of 23%. The company ended the quarter with $90 million in cash and generated $42 million in operating cash flow, with $14 million in free cash flow after capital expenditures. The International segment was a significant growth area, increasing 82% compared to the previous year and 17% sequentially, contributing $30 million in revenue. Curaleaf continues to focus on refining margins, optimizing cash flow, and strategically expanding its footprint, particularly in New York and Ohio, while also exploring opportunities in the burgeoning Hemp market.International Segment Growth
The International segment grew 82% year-over-year and 17% quarter-over-quarter, driven by Germany, the UK, Australia, and New Zealand. The segment now accounts for 9% of total revenue, up from 7.4% in the previous quarter.
Improved Gross Margins
Adjusted gross margins increased to 49%, up 310 basis points year-over-year, driven by lower production costs and increased vertical mix.
Strong Cash Flow Generation
Generated $42 million of operating cash flow from continuing operations and $14 million of free cash flow in the third quarter.
New Credit Facility
Closed a $40 million revolving credit facility with Needham Bank at an interest rate of 7.99%, providing financial flexibility.
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CURLF 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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CURLF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $2.18 | $2.25 | +3.21% |
| Aug 07, 2024 | $3.19 | $3.38 | +5.96% |
| May 09, 2024 | $5.30 | $5.50 | +3.77% |
| Mar 06, 2024 | $4.36 | $4.19 | -3.90% |
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 Curaleaf Holdings (OTC) (CURLF) report earnings?
Curaleaf Holdings (OTC) (CURLF) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is Curaleaf Holdings (OTC) (CURLF) earnings time?
Curaleaf Holdings (OTC) (CURLF) earnings time is at Feb 27, 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 CURLF EPS forecast?
CURLF EPS forecast for the fiscal quarter 2024 (Q4) is -0.07.
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